If two people are both invested in an LLC (separately), and then they get married, what happens? Are the shares combined?

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My answer to If two people are both invested in an LLC (separately), and then they get married, what happens? Are t…

Answer by Ken Larson:

The owners of the firm must appear on the articles of incorporation registered with the state. That document establishes true ownership.

LLC’s do not have shares. They have memberships.

An operating agreement is necessary between the two owners to insure the % of ownership for each member is established and other important specifics are made official, such as who can sign for the company, what occurs in the event of a death, how one owner can buy another out and many other important matters.

If two people are both invested in an LLC (separately), and then they get married, what happens? Are the shares combined?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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