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If you have significant differences between members` skills and contributions in relation to interests and distributions, it can be a good investment to hire a lawyer to corner your LLC business agreement. 8.5.2 If the members have not assessed the participation of the deceased member during the preceding two-year period, the value of each member`s participation in the society on the day of death shall be determined primarily by mutual agreement between the surviving members and the personal representative of the estate of the deceased member. If the parties are unable to agree on the value within 30 days of the appointment of the deceased member`s personal representative, the surviving members and the personal representative must select a qualified expert within the next thirty days. This amount is final and binding on all parties and their respective successors, transferee beneficiaries and representatives. The costs and expenses of the third expert as well as all the expenses and expenses of the expert which are retained by the estate of the deceased member but which are not paid, are deducted from the purchase price paid for the deceased member`s participation in the company. Once the document has been completed and signed by the member(s), copies must be provided to each member. This document also serves as a certificate of membership, as provided for in state law. While any decision notice can have, not everyone needs full access to the company`s cash registers. This section designates a bank and gives some members financial authority for deposits, payments, notes, payments and more.. . . .