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I have a interest in adding a new member to my LLC, I need help in drawing up the initial paperwork

 
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tnoland

posts: 1

Oct 16, 2007 8:59 AM ET    Quote  Report Abuse
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I have a restaurant that already has a board but I want to build a proposal to get to interested parties so we can grow the restaurant to another location. Problem I went back thru the beginning operation agreement and shareholder agreement and there is nothing like that. Where do I find a sample that can help me?
pepperlegal

posts: 153

Oct 16, 2007 12:50 PM ET    Quote  Report Abuse
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If your company was formed as an LLC, you would only have an operating agreement, not a shareholders agreement, which is a document only used with a corporation.  If in fact you have an operating agreement with more than one member (it sounds as if you do), without provisions indicating the process to add additional members, I am not aware of any "sample" or form for you to use.  Because these are complex documents, you really should have both an attorney and accountant advise you on the issues and process for amending your operating agreement appropriately.


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