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today we're talking about how to fill out llc membership certificates an llc membership certificate represents your ownership of a limited liability company filled out properly it gives you proof that you own the company in addition it shows the taxing authorities and anybody who wants to sue you that you have completed the legal requirements by properly completing your llc formalities so that your llc is more likely to hold up under a legal attack or tax on it hi i'm the business guy and i've been in the company formation field since 1991 our company started in 1906. i believe we have over 80 000 clients in our database we have attorneys on staff and we are the nation's leading asset protection and company formation firm and today we're talking about how to fill out llc membership certificates and be sure to watch all the way to the end because we cover important information that you need to know and by the way if you're watching this on youtube please click the like button below so youtube promotes it and we can help out a lot more people and you can also click the subscribe button so that when more videos come out like this you'll be up to date right away now certificates have different formats sometimes the state or country where the company is formed is pre-printed on the certificates other times you will need to write it in sometimes the number of membership units is in the upper left hand corner and sometimes it is a separate blank shortly after the name of the member so just fill it out as the certificate is formatted okay now let's take a closer look at some llc membership certificates and what you do first of all you'll see the name is pre-printed or you'll need to fill out the name of the company next you'll see the number of units that's the number of individual units that are available that the company can issue you'll also see a blank line that shows the name of the member now this can be a person it can be another company it can be a trust or other business entity then you'll see the number of units allotted to that particular person company or trust you'll have a place where you can fill out the date the certificate was signed and then you'll see signature lines for the members if it is a member managed llc or the managers if it's a manager managed llc finally in the center you will squeeze the corporate seal or llc seal in this section the llc seal is usually found in a corporate record book now keep in mind this information isn't legal advice for legal advice speak to a licensed attorney we have license attorneys on our staff if you need some help now first of all the number of units now there are two ways to do this you can either write the number of units this particular certificate represents or you can enter the percentage the standard way is to write the number of units i prefer for simplicity to write the percentage so in this example it shows that 100 of the units are owned by pat smith or pat smith is the sole member of this particular llc again instead of the percentage you can write the number of units so in this example it's 50 out of 100 units are owned by pat smith now let's say your llc is owned inside of a trust okay if it's on the side of a trust you'll see that the name of the trust as well as the name of the trustee is included in this example it says abc trust in parentheses cook islands klm limited comma trustee owns 100 of the units of this particular limited liability company so that's how you fill it out if a trust owns the llc if a trust is the member of the llc you need to write both the name of the trust and the name of the trustee so you need to enter both not just one now on occasion we'll set up two llc's to go inside of an asset protection trust because we have an ira sub trust so the assets that represent an ira go in that portion of the trust including this llc so if this particular llc for example is owned by a subtrust say for an ira it'll say ira subtrust of abc trust cook islands comma klm limited trustee so you name the subtrust you name the trust that subtrust is a part of and you name the trustee so all three now let's say for example your llc is held directly inside of a self-directed ira you simply fill it out usa trust comma inc that's the custodian comma custodian for ira of pat smith account number one two three four five let's say the llc is inside of a self-directed pension plan you fill it out usa trust comm inc pension admin that's the pension administrator for pat smith account number one two three four five now sometimes you need to fill out llc membership certificates different ways for different people for example let's say you're opening up a bank account in the name of the llc typically you fill out the certificate in your own name for the bank because if it was in a trust the bank would want to see the trust they may need to see id and articles from the corporate trustee etc so it might be in your best interest to fill out the certificate in your own name first and then you avoid that certificate and fill out another certificate with your trust slash trustee owning the company so i hope you found this valuable and to help you understand how to fill out llc membership certificates so if you want to form a us or offshore llc feel free to give us a call at 1954 or visit assetprotectionplanners.com and fill out a free consultation form and be sure to share this video with others and subscribe below this is the business guy so you
Thanks for your comment Curtis Strick, have a nice day.
- Brenton Packineau, Staff Member
congratulations on wanting to start a new business so i don't want to see you paying for these things even though others try to upcharge you so you can get an ein an employer identification number for free also you can file your llc as s-corp status for free and that's a special tax status that you can get that can save you a lot of money down the line also banking resolution templates you can find that online as well as the banking resolution templates you can find business contract templates as well as the operating agreement online plus the business plan which is going to help you get everything organized so get your free things don't pay for them and thanks for coming to darcy's business
Thanks Donetta your participation is very much appreciated
- Brenton Packineau
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I've studied sports coaching at Illinois Wesleyan University in Bloomington and I am an expert in earthquake engineering. I usually feel loved. My previous job was pharmacy technician I held this position for 7 years, I love talking about table tennis and hiking. Huge fan of Tyler Hoechlin I practice cycling: mountain bike) and collect antique.