Posted by Charles Keeran on 12/05/03

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I would like to know if a LLC can sell what some have told
me are called membership units in an attempt to raise
capital for business use.

I have been told a LLC cannot sell shares because they are
not incorporated but they can sell membership units.

If this is true that you can sell membership units how
would you go about doing it and what do you have to file
for this?

Thanks,

Re: Limited Liability Corparations, 12/13/03, by Rob.

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