LLC’s issue what are known as Units. They are basically the equivalent of shares in a corporation and you divide the company by the number of units. So, for instance, we recommend authorizing 1 million Units. This is a pretty high number, which means that if you’re a single person LLC, you receive a high number of units.
It also gives you a lot of extra Units just in case you intend to bring on other founders later on or issue units to employees.
If you are a multiple member LLC, then we will ask you what percentage of the company each founder will own and calculate your number of Units from that.