Skip to content
Adding a Partner to Your LLC
- When you want to add a partner to your limited liability company (LLC), you must follow the process outlined by your LLC’s operating agreement or state law.
- You can find out more about your specific state’s requirements through the Secretary of State websites.
- Current LLC members must then vote on the amendment for it to pass—and most states, as well as many LLC operating agreements, require unanimous approval.
Process for Adding an LLC Member
- The process for adding an LLC member involves amending the LLC’s operating agreement that brings in the new member.
- All existing members must consent to and sign the agreement.
- Assess the consequences – you may be the only member, which makes the addition swifter.
Additional Information
- A written agreement must list the new partners and membership rights and terms.
- Operating agreements are written and signed to avoid issues among the members.
- Schedule K-1 is the form that the partnership must provide all partners.
- Regarding liability, an LLC is always better than a general partnership. You and your partners can form an LLC and limit liability.
