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hi everyone and welcome back to the simplify llc channel today we are going through a step-by-step guide to adding a member to your llc please remember to like this video and subscribe to our channel to get notified when new helpful content like this video is added all right lets get started now when you have a small business you have to be ready for changes including the need for help to scale your business this help may come in the form of time money or advisory but if your cash flow is tight you may have to get creative to find a way to compensate them one common way is through an ownership stake before you add a new business partner to your llc you must consider the legal and operational implications while we cant provide legal advice we are providing some general guidance but remember there are several complicated tax and legal issues so consult an attorney before completing the process if youve already agreed to the terms of the deal here are the steps involved in adding addit