In forming an LLC in PA, the Certificate of Organization states the following:

  1. [Strike out if inapplicable] A member's interest in the company is to be evidenced by a certificate of membership interest.

What are the advantages and disadvantages of using certificates (as opposed to, I assume, stating the ownership interest in the Operating Agreement)

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.