business corporate-law
How to issue LLC membership units for each founder to own 1/3 of the company?
<p>There are three LLC founders that each own 1/3 of the company. In the LLC operating agreement, we would would like to have 100 membership units total to represent 100% ownership of the company.</p>

<ul>
<li>How do I reflect this on the membership units?</li>
<li>Do I issue fractional shares?</li>
<li>Do I scrap the 100 total units?</li>
</ul>

<p>The easiest solution is to issue a number of units divisible by 3, like ... 3.</p>
