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Certificate of Membership Units


Overview
- This certificate is a document that is evidence that the person or business entity named on the face of the certificate is the owner of a certain number of units (or shares) of a limited liability company in exchange for the capital contribution of that member or business entity.
- This is a type of receipt for a specific number of units (or shares) of ownership of a limited liability company in exchange for a capital contribution of a member or business entity.
- It is important to maintain an internal document with the business records of the limited liability company entitled Certificate Register that lists the capital contribution of each member and the date, amount of contribution and number of units (or shares) of ownership interest given. 
- The certificates should be numbered consecutively and each time a certificate is issued that certificate is given the next higher number.  The total number of units (or shares) issued by the limited liability company should be kept to a low number because some states impose a tax on high numbers of units (or shares) issued by a limited liability company.  

When You Need It
- To be given to each member of a limited liability company as a receipt and as evidence that the person or business entity named on the face of the certificate is the owner of a certain number of units (or shares) of a limited liability company.
- Units (or shares) are given in exchange for the capital contribution of that member or business entity.  


Getting Started

You will need:
- Name of the company.
- Name of the individual or entity receiving the units, number of units to be given, certificate number (all of which will be added to the document after the Interview is completed).

When to Review and Revise 
- To correct the information contained in the certificate.
- To draft another Certificate of Membership Units.