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Hello! I am a licensed attorney, admitted to practice in state and federal court. I have a nearly 100% satisfaction rating so all that means is that you can count on me to help today. Congratulations on your application. The membership transfer Ledger simply is a ledger that shows who had a new currently has ownership in the company. For example, if you originally started your LLC with you and your spouse, but your daughter was not included then that would be the first part of the letter. After that, if your spouse then gave his interest to your daughter then The Ledger would reflect that you and your daughter are the owners. It is similar to a bank account Ledger, but only shows who owns what shares in the company. if you click here, you can see an example of what a transfer ledger would look like
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