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When to use an LLC membership admission agreement

  • Checkmark You need to add new members
  • Checkmark To stay compliant with federal or state regulations
  • Checkmark You need to update member contributions and payment terms
  • Checkmark To ensure all members are protected from taking on personal liability for company debt

Create your document in 3 steps

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Set your business up for success

Easily bring on new members.

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Expand your LLC

Over time, a business's needs can evolve and require raising capital and bringing on additional members. Our form makes this process easy.

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Preserve personal liability

Ensure all owners are documented and protected from personal liability.

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How to create an LLC membership admission agreement in 3 steps

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1

Gather Information

As you complete your LLC membership admission agreement, you will need to provide certain relevant information. This primarily includes member names and ownership percentages.

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2

Answer Key Questions

Use the information you collected to complete the LLC membership admission agreement. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers and the state selected.

Review and Sign

3

Review and Sign

Every LLC member needs to review and sign a separate signature page in order to acknowledge that they understand and accept the changes. Each party should consult with an independent attorney or financial advisor if questions should arise. After completing the questionnaire, you can make textual changes to your document by downloading it in Microsoft Word. If no changes are needed, you can simply download the PDF version and sign. These downloads are available by navigating to the Documents section of your account dashboard.

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Help Guide

Table of contents

An LLC membership admission agreement officially inducts new members into the company's existing ownership. New members must agree to abide by the terms and conditions articulated within this membership admission agreement and the company's operating agreement. New membership admission should always be carefully and thoughtfully negotiated by all parties, as adding new members may drastically change the existing dynamics and operations of the company. On the one hand, adding new members is a method for raising capital, bringing in new assets, and absorbing new talent and expertise. On the other hand, the new members may require changes to company operations that differ from the existing framework established in the company's operating agreement. This membership admission agreement will guide your LLC through documenting the admission portion of the new membership induction where all members, current and new, agree to this ownership addition.

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