How does one add a member to an existing single-member LLC?

by Linda
(West Palm Beach, FL)

How does one add a member to an existing single-member LLC? Can both members then be managing members? If necessary, how is this designated?

Answer

You add a member by updating your Operating Agreement to show the new member. Some states require that you update your Articles of Organization as well.

Any member can have the authority of a managing member. This would be designated in the updated Operating Agreement.