when setting up an LLC with many members is a good idea to have an LLC member of the leading agreement.
Just as shareholders are the owners of a corporation the members of an LLC are basically the owners of the business. therefore it is very important to have a member of winning the green and that everyone have to agree upon.
Here are some important topics that should be included in the LLC member operating agreement:
Who are going to be the initial members?
How will profits and losses be shared or allocated among the members?
How many LLC units shall each member have out of the authorized total?
What capital contributions are to be made by each member?
What services shall each member be required to perform for the LLC?
If the LLC is going to have "managers", then the number of managers, the identity of the initial managers, and the division of responsibility between the managers and the LLC members as a whole?
Vote percentage required for admission of new members?
Level of restrictions upon member transfers of LLC units?
