Managing a Business/owner of llc

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Question
On the llc i listed my husband as mgrm and me as mgr...can we each own 50% of the business?

Answer
Hi Ashley

I live in Australia and am not familiar with the laws that govern LLCs. I can therefore only take you part of the way on your journey of understanding. Here in Australia we only have this structure for non-profits.  Everyone else has to have either a partnership or a proper company.

From a brief reading about them I gather that they are based on 'members' and I imagine that that your LLC has only two members, your husband and you.  I'd imagine that you have set up your LLC with equal ownership.  I also imagine that ownership is not changed by the fact of being an office-bearer. If I am guessing all of this correctly, then you would indeed own 50% each no matter what titles you give yourselves.

This answer may clarify the way you need to think about the way LLCs work and help you on your way, but please seek confirmation from someone in USA who actually knows about them.  When you do find out, I'd love it if you got back to me and told me how close I was.

I found these web pages about LLCs:
http://www.entrepreneur.com/article/191788

Please feel free to visit my website http://qdt.com.au and my blog http://qdt.com.au/blog

Cheers

David

Managing a Business

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David Stephensen

Expertise

I can answer questions about all aspects of designing and producing procedures manuals for small and medium sized businesses, including managing the documentation project, the analysis that leads to the design of the manual, business writing, publishing the business manual, educating the staff about continuous improvement and using ISO 9001. You can find out more at my website http://www.qdt.com.au and sign up to receive my blog.

UNIVERSITY STUDENTS FROM INDIA AND PAKISTAN (and everywhere else, too) PLEASE NOTE: I do not have time to complete your assignments for you. Please do not paste questions from your assignments into a request for my help. If you ask me a specific question in your own words and fool me into thinking you are a business person by your interest in and commitment to the subject then I will answer you.

Experience

I have been a professional technical communicator and information designer since 1992 and have worked in business process analysis since 1998. I have produced procedures manuals for businesses and software user manuals that reflect business processes. I also provide internal quality auditing services. I have created a template for small and medium business operations manuals.

Education/Credentials
B.Sc. (University of Queensland), B.Ed. (Tasmania University)

Awards and Honors
Excellence Award in the Society for Technical Communication Australia Chapter On-line Communications Competition, 2009, for Keech Australia's procedure manual 'The Way We Do Things'

Merit Award in the Society for Technical Communication Australia Chapter On-line Communications Competition, 2006, for the CPA Australia Event Scheduling Application User Manual

Merit Award in the Society for Technical Communication Australia Chapter On-line Communications Competition, 2005 for the Lensworth Customer Relationship Management User Manual

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