How to add a new member to an LLC

How to add a member to an LLC

Generally speaking, to add a new member to any LLC, you must first follow the operating agreement (“OA”) or the state law regarding LLCs. Though there are some additional things to take into consideration before adding a new a new business partner to your multi-member LLC. Most OAs lay out how to add a new […]

LLC Operating Agreements

Illinois LLC Operating Agreements

What to Put Your Illinois Company’s Operating Agreement An Operating Agreement is the contract of your Illinois company’s life – which it really does not have. However, your company is a legal fiction of a person that has a beginning, called articles of organization for LLCs, and even an end, called a dissolution. The Operating […]