Could someone explain box 4 and 5 of the Pennsylvania Certificate of Organization for Domestic Limited Liability Company?
Can someone define?
Answer
Member's interest: You can order a corporate kit and have Certificates to issue listing each member's ownership interest, similar to a Certificate for shares of stock in a corporation. Cross out this section if you are not getting certificates of ownership.
Management: The company can be managed by one or more of its members or by a manager or managers who are not owners. Cross out this section if the company is going to be run by a member or members.
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