LLC/MEMBER LIMITATIONS - Posted by Cork Horner

import · February 5, 2005, 9:04am

Posted by John K Haslach, CPA, MST on February 06, 2005 at 13:35:34:

There are no tax restrictions that I know of regarding the number of partners/members, however, I believe the SEC may have some restrictions or reporting requirements. If you speak with an attorney, make sure he is familiar with SEC requirements.

import · February 5, 2005, 9:04am

Posted by Cork Horner on February 05, 2005 at 10:04:07:

I apologize for not going thru the 200+ entries on LLC’S.

Is there a quick easy answer or post on the member limitations in an LLC as to the number of members?

Is each state different regarding max members?

What about members residing in diferent states?

Cork Horner
San Diego

import · February 5, 2005, 1:42pm

Re: LLC/MEMBER LIMITATIONS - Posted by wwjmaj

Posted by wwjmaj on February 05, 2005 at 14:42:39:

Each state has different requirements as to number and who (or what) can be a member. In Michigan our statute has been liberalized a couple of times and this is one thing that has changed.

import · February 5, 2005, 9:53am

Re: LLC/MEMBER LIMITATIONS - Posted by Chet

Posted by Chet on February 05, 2005 at 10:53:34:

You might contact the secretary of state in California(if he didn’t resign) to validate this information.

Contact the equivalent government entity in the other states or contact an attorney.