Parties
Names of the LLC, existing members, and incoming member with legal entity types and addresses.
Use a Membership Joinder Agreement to document consent, preserve existing governance, and avoid ambiguity about rights and obligations when a membership interest changes hands. It ensures the new member is contractually bound to protections, restrictions, and allocation rules already negotiated among current members.
Typical participants and teams that prepare or sign joinder agreements are listed below.
Roles vary by entity size; smaller LLCs often handle admission informally, while larger or investor-backed entities use formal joinders and counsel review.
Typically an existing member or manager authorized under the operating agreement to admit new members; signs to acknowledge acceptance and to record the admission action on behalf of the company.
The individual or entity acquiring membership interest who signs to accept the operating agreement terms, contribution details, and any transfer or dilution provisions; signature creates contractual obligation.
Names of the LLC, existing members, and incoming member with legal entity types and addresses.
Background facts establishing authority and reason for admission; reference to the operating agreement.
Language stating the new member agrees to be bound by the operating agreement.
Description of cash, property, or services provided and valuation method.
How the contribution affects capital accounts, percentage interest, and allocations.
Signature blocks for company rep and new member, with dates and printed names.
| Field | Configuration |
|---|---|
| Signer Order | Company rep first, then incoming member |
| Authentication | Email link plus optional SMS code |
| Required Fields | Full name, date, signature, contribution details |
| Audit Trail | Enable capture of IP, timestamp, and email |
Choose an eSignature platform that preserves an audit trail, supports required authentication, and exports standard signed PDFs.
Confirm platform compliance needs (HIPAA BAA, 21 CFR Part 11) before routing sensitive member information and retain a copy in your corporate records system.
Specifies when membership rights and allocations begin
Coordinate with entity tax year and K-1 issuance
Update membership ledger promptly after execution
Some jurisdictions require filings for transfers or amendments
Meet any purchase conditions by the stated deadline
Vote or consent recorded per operating agreement terms
Signatures obtained from company rep and new member
Record percentage interest and contribution details
File amendments or notify regulators if required
| Criteria | Joinder Agreement | Assignment of Interest |
|---|---|---|
| Purpose | admission of member | transfer of economic interest |
| Filing Needed | possible | rarely required |
| Consent Required | usually yes | depends on agreement |
| Effect on Voting | full membership rights | may be limited |
The team needed to onboard an investor quickly
A healthcare entity required strong audit trails for admissions
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | Yes, 7-day trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |