Hi AlanT,
You wrote: Yes, you can have a partner with 0% interest.
Did you mean partner here as interchangeable with member?
If so, does this apply to all states in the United States or would each state have individual rules?
This is my very question I've been searching for an answer for months with no one seeming to be able to help.
We are in New Jersey and are looking to have three members, adding a third to the two who currently own 50% of the LLC but wanting the third to be a member because the other institutions we're dealing with want only members to be able to act on behalf of the LLC. The way the original operating agreement is worded, the LLC is member managed which is why we don't want to make the third a manager as we believe it would entail more work to change the structure of the LLC to allow for management to be by managers who are not members. Hoping you're still receiving notifications of responses to this thread.
Thanks,
Doug_L
