Startups Stack Exchange Archive

How do I give shares to a co-founder?

I have founded an LLC with a partner and want to bring in two more co-founders for a n% of the company. How would I go about doing this legally, what document would I need to accomplish this?

Answer 6168

You are unable to issue legally recognized shares in an LLC structure. I recommend looking into other business structures that permit such issuance.

The document is an operating agreement

LLC Shares - LegalZoom


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