Operating Agreement: Draft or amend the LLC’s operating agreement to define how membership units are issued, transferred, and managed. Member Approval: Get approval from existing members, as required by the operating agreement or state law, to issue new membership units. Valuation: Determine the value of the LLC and the price of membership units. Platforms like Eqvista can assist with this valuation process. Unlike corporations, LLCs offer more flexibility in structuring equity, often without the need for formal stock certificates or compliance with corporate-level securities regulations. However, it's essential to consult legal experts like Eqvista to ensure compliance with state laws and best practices.
I think you can find online plenty of information on LLCs and corporations, how they differ, why you might choose one or the other business organization, etc. If you can't find the information you need or you have a lot of assets/equity at stake you should probably consult an attorney, not trust random answers in online forums.