The answer is yes. And fortunately, there is a specialized document for this known as the LLC operating agreement amendment, which is to be signed by all members of the LLC. Once you have added an amendment to the operating agreement, combined, the LLC current ownership is all set. Depending on where you live, you may or may not have to file the amendment with the state.
A member of an LLC is its own, not unlike what a shareholder is to a corporation. On the contrary, a manager is just as the name implies – a person hired to run the LLC. Within an LLC, a manager can also be a member and that is exactly how it is run in most mom and pop LLCs.
To form an LLC, you need to have an official organizer who will file all the formational documents with the state. This person can be anyone of legal age and in the United States, this is most commonly handled by a business formation attorney or law firm. Post formation, the organizer transfers the management duties to the members and managers of the LLC and this is done through a Statement of Organizer.
When a new LLC is established, the owners or members hold an organizational meeting to organize how the LLC is to be run. This initial meeting can be important and is accompanied by the LLC organizational meeting minutes that record all the decisions arrived at in the meeting. Unlike corporations, LLCs are not required by law to keep meeting minutes but they can always choose to do so.
A resolution of an LCC specifies a particular decision or action agreed upon. Once again, extending from the above, an LLC is not required to record resolutions, irrespective of how the resolutions are passed, in a formal meeting or with written consent.