Can trust be a member of LLC?
Asked by: Joseph L - 12 March, 2013
Can a trust be a member of an LLC and can another member be added to the LLC at a later time?
Can a trust be a member of an LLC and can another member be added to the LLC at a later time?
Answered by: Robert Kowalski - 13 March, 2013
Joseph,
As far as I know, trust can be member of an LLC, since it's considered "legal person" under the law of all states.
The ownership of an LLC is defined in Operating Agreement, so members can be added at a later time by amending the Operating Agreement of the LLC to reflect the change.
Joseph,As far as I know, trust can be member of an LLC, since it's considered "legal person" under the law of all states.
The ownership of an LLC is defined in Operating Agreement, so members can be added at a later time by amending the Operating Agreement of the LLC to reflect the change.
