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There are three LLC founders that each own 1/3 of the company. In the LLC operating agreement, we would would like to have 100 membership units total to represent 100% ownership of the company.

  • How do I reflect this on the membership units?
  • Do I issue fractional shares?
  • Do I scrap the 100 total units?
  • ...As Dale M said: scrap the 100 units. You could go for 300? – Stackstuck Feb 28 '18 at 5:17
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    Why do you want 100 units? – phoog Feb 28 '18 at 6:45
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The easiest solution is to issue a number of units divisible by 3, like ... 3.

  • That makes sense. I guess there's no reason to peg the units at 100. I'll go with 300 total units. – Rockishi Mar 1 '18 at 17:23

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