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Thanks for the input. FWIW, we are looking to form a multimember LLC. I've read over several operating agreements and we're both on the same page as far as that

by andale 12y ago

Thanks for the input. FWIW, we are looking to form a multimember LLC. I've read over several operating agreements and we're both on the same page as far as that goes, not sure if that might alter your feedback.

tptacek 12y ago
Do talk to a lawyer before forming a multi-member LLC. If there's any chance that any subset of the members of that LLC will go on to develop something bigger, you need to work out vesting and control.
- andale 12y ago
  Many thanks for the input. Right now the only members of the LLC are my cofounder and myself. We intend to keep it that way (and dole out shares to investors and employees down the road). As for vesting, he and I are on identical schedules.