LLC question

Ron007Ron007 subscriber Posts: 1
edited February 2007 in Thought Leadership
Hello,
 
I`m a newbee and have some questions:
Let`s say there are only two partners, 50-50. How does an LLC work in this case? Does each partner get half of the shares? What is the proper legal procedure for doing that? What must be done in case the two partners decide to terminate the company? What is the proper legal procedure for doing that?
Thanks -- Ron
 
 
 

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