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Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Leah Fisch
  • Long Island, NY
5
Votes |
21
Posts

What is my attorney telling me? LLC Confusion

Leah Fisch
  • Long Island, NY
Posted

I hired an attorney to file a 50/50 partnership LLC for my new rental property.

I clearly asked for the LLC to be a 50/50 partnership and provided all the necessary information.

I received the initial filing documents today and what do you know. It has myself on the paperwork as a SOLE MEMBER!! My partner is not listed ANYWHERE.

When I asked him about it he replied that these are just the 'initial filing documents' and that the partnership will be specified on the Operating Agreement. 

I'm very confused... is this correct? I don't want any errors or issues that may come back to haunt me later. 

Most Popular Reply

User Stats

84
Posts
58
Votes
Samuel R. Harden
  • Attorney
  • Toledo, OH
58
Votes |
84
Posts
Samuel R. Harden
  • Attorney
  • Toledo, OH
Replied

@Leah Fisch any state LLC filing I've handled simply allow the listing of one member/responsible party, and do not allow for the listing of all parties and their interests. Your attorney is correct that this is handled in the Operating Agreement and not the initial filing. I have never filed in NY, but I just looked at their form and I don't see any reason for you to be concerned.

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