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How can I transfer an interest in a Maryland LLC?

 

A: An LLC member can always transfer or assign both its economic and full membership interests in accord with the provisions set forth in the governing Operating Agreement.  However, absent an agreement to the contrary, the Maryland LLC Act provides that while a members economic interest is freely assignable, an assignee may only become a member (with full participation rights) if the remaining members of the company unanimously consent to the assignee's admission.  See Maryland LLC Act Section 4A-603(b).


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The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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