US Business Attorney: Operating Agreement + Admit New 50% Member to Wyoming LLC (Foreign Member)

Posted last week

Worldwide

Summary

US Business Attorney: Operating Agreement + Admit New 50% Member to Wyoming LLC (Foreign Member) I'm the co-founder and operations/marketing lead of a US e-commerce brand structured as a Wyoming LLC. The company is currently held solely by my business partner, and I am not yet on the entity in any form. We're formalizing a clean 50/50 partnership, and I need a corporate attorney to draft the documents that make me a member and govern how we run the company. I'm specifically looking for someone who has drafted US LLC operating agreements involving a foreign (non-US) member before, since I'm based outside the US. This is a defined, fixed-scope engagement and I can move quickly with the right person. Scope of work: Admit me as a 50% member of the existing Wyoming LLC (membership admission / amendment). Draft an operating agreement for a two-member, 50/50 company, including a domain-based decision split (each member has final say over their own area of responsibility) and a buy-sell / "shotgun" provision as the backstop for genuine deadlocks. Handle the assignment of key IP into the LLC. A proprietary product protocol and the brand/trademarks are currently held personally by my partner and need to be owned by the company. Advise me on how I should hold my membership interest as a foreign member (see questions below). My situation: I am based in the UAE (non-US person). I already own a separate single-member Wyoming LLC (currently little to no activity). I am the incoming member with no current ownership, so I want the documents drafted to represent my interests. My partner will review independently before signing. Questions I need your advice on: Should I hold my 50% personally as a foreign individual, or through my existing single-member Wyoming LLC? Pros and cons for my situation. What are the US federal withholding and filing implications for me as a foreign member receiving US-source income under each option? The cleanest mechanism for assigning the protocol and trademarks into the company. Engagement: Fixed-price for the scope above. Please quote your fee and a rough timeline in your proposal. I'm cost-conscious but I want this done correctly the first time, especially the foreign-member piece. Please answer these three questions in your proposal (proposals that don't address them will be skipped): Have you structured US LLCs with foreign (non-US) members before? Briefly describe one. In plain terms, how do you handle the federal withholding obligation for a foreign LLC member receiving US-source income? For a two-member 50/50 LLC, what deadlock mechanism do you usually recommend, and why? Thank you. I have all the background ready and can move quickly.

  • Less than 30 hrs/week
    Hourly
  • < 1 month
    Duration
  • Intermediate
    Experience Level
  • $30.00

    -

    $123.00

    Hourly
  • Remote Job
  • One-time project
    Project Type
Skills and Expertise
Mandatory skills
Legal
Corporate Law
Contract Law
Activity on this job
  • Proposals:15 to 20
  • Last viewed by client:last week
  • Interviewing:
    5
  • Invites sent:
    3
  • Unanswered invites:
    0
About the client
Member since Jan 18, 2024
  • GBR
    London2:25 PM
  • $1.5K total spent
    4 hires, 3 active

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