[WSBARP] Formation of LLC--how to contribute assets

[Douglas Scott]

Dave, my usual way is to attach an Exhibit A to the back of the LLC
operating agreement which then cites the initial cash contributions of the
members along side of their percentage interests in the Company.

*DOUGLAS W. SCOTT*
Rainier Legal Advocates|LLC

*Eastside Office*
465 Rainier Blvd. N., Suite C | Issaquah, Washington 98027 | 425.392.8550
(tel) | 425.392.2829 (fax)

*Seattle Office*
12055 15th Ave NE | Seattle, Washington 98125 | 206.552.0785 (tel)

www.rainieradvocates.com f/k/a
www.davisscottlaw.com

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On Thu, Apr 18, 2019 at 1:27 PM Dave Culbertson <
dculbertson at culbertsonlawoffice.com> wrote:

> Hello, Listmates.
>
>
>
> I’m working with some clients who want to form an LLC to run a small
> business. Each wants to pitch in 10,000 to buy some equipment, etc. It’s
> not my normal area, but I’m giving them the general lay of the land.
>
>
>
> How does one achieve that—by simply stating it in the LLC agreement? Or is
> there some similar legal ritual you have to do to contribute money or
> materials to an LLC? For comparison, if it were a piece of land, you would
> have to deed it to the LLC, I think. I don’t know if there is some other
> mechanical step for assets like money or materials.
>
>
>
>
>
> Best Regards,
>
>
>
> Dave Culbertson
>
>
>
> *The Law Office of Davisson Culbertson, PLLC*
>
> *19909 Ballinger Way NE*
>
> *Shoreline, WA 98102*
>
>
>
> *Office Line: (425) 252-0300*
>
> *Cell:  (206) 478-8134*
>
> *FAX: (866) 867-7796*
>
>
>
> *dculbertson at culbertsonlawoffice.com*
> <dculbertson at culbertsonlawoffice.com>
>
>
>
>
>
>
>
>
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