Legal Question in Business Law in Pennsylvania

Could someone explain box 4 and 5 of the Pennsylvania Certificate of Organization for Domestic Limited Liability Company?

Can someone define?


Asked on 8/24/11, 4:24 pm

1 Answer from Attorneys

Member's interest: You can order a corporate kit and have Certificates to issue listing each member's ownership interest, similar to a Certificate for shares of stock in a corporation. Cross out this section if you are not getting certificates of ownership.

Management: The company can be managed by one or more of its members or by a manager or managers who are not owners. Cross out this section if the company is going to be run by a member or members.

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Answered on 8/25/11, 5:28 am


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