Tuesday, December 6, 2011

How many llc units should I create to start my business? -

I understand units or percents can be used- I was advised to use units because its best for future growth.My question is how many units should I create to start?Is there a standard, or required number? I was thinking of starting with 100,000.Any help would be wonderful- Thanks

You can have as many number of units as you want. The minimum required is 1 and there is no maximum number. You can choose to go with 100,000 units at this time. However you can pick a bigger number if you anticipate growth in future and specially if you interested in selling the membership units to other interested parties.Good luck

units are similar to stocks in a corporation. if you plan on bringing in other members you can go with either units or percentages of ownership. it might be easier to go with percentages especially if you only have a few members.

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