Can I add members to an existing LLC or do I need to create a new one - Corporations
Full Question:
I plan to begin a company by setting up an LLC. Initially, I will be the only member since the other three potential partners (members) are still working for a competitor and do not want to join until they sever their employment with the competitor in 2-4 months. Can I add them to my existing LLC or do I need to close the first LLC and then create a new one with all the members?
04/14/2007 |
Category: Corporations |
State: California |
#3097
Answer:
You can easily add them. There is no need to set up a different LLC. But when forming the LLC the operating agreement should specify how new members are added.
