California Limited Llc With Multiple Owners
Description
How to fill out California Limited Liability Company LLC Formation Package?
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FAQ
8 Steps to Forming a Multi-Member LLC in California Pick a Name for Your Multi-Member LLC. ... Get an Employer Identification Number (EIN) ... Pick a Registered Agent. ... File Your Multi-Member LLC's Articles of Organization. ... File an Initial Statement of Information. ... Decide on Your LLC Business Management Structure.
If you're the sole member of your LLC, you can add a member by updating your operating agreement and formation documents to reflect changed membership. If you're part of a multi-member LLC, you'll need to discuss additional members with current members and hold a vote before proceeding.
Pick a Name. Choose a Registered Agent. Initial Statement of Information. Estimated Fee and Franchise Tax. A Guide to Forming a Multi-Member LLC in California. Decide On Each Member's Ownership Interest. Choose The Manager or Board Of Managers. File Executed Articles of Organization With the California Secretary Of State.
Prepare and vote on an amendment to add an owner to LLC The members should then formally vote on the amendment in the way described in the operating agreement. Document the vote in your LLC's minutes and/or with a resolution, and have all the LLC's members ? including the new one ? sign the amended operating agreement.
Divide ownership of the LLC by calculating total cash investment by the members. Give each member an ownership stake equal to his cash investment. Four members contributing $25,000 apiece would each receive a 25 percent stake in the company.