Tag: Transferees

Members vs. Transferees

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Dec 16, 2020
In last week’s post, I identified some of the key distinctions when one holds an interest in an LLC, but is not a member (see here).  Members and transferees hold different rights. This post seeks to further explore the similarities and differences between members and transferees. Rights of Members and Transferees Members and transferees share… Read More

You Hold An Interest In An LLC, But Are You A Member?

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Dec 9, 2020
You may have heard that “membership has its privileges.”  But what if a person has an interest in an LLC but is not a member?  In general, such a person is a “transferee” and holds only a “transferable interest.” Transferable Interest Defined Under RCW 25.15.006(20) a transferable interest “means a member’s or transferee’s right to… Read More