![]() The name and place of residence of each member areĬontained in Exhibit 2 attached to this Agreement.ĪDMISSION OF ADDITIONAL MEMBERS. ![]() Such other place as the Managers from time to time select. The location of the principal place of business of the Company shall be: Liability statutes of the State of Delaware. The purpose of the Company is to engage in any lawful act orĪctivity for which a Limited Liability Company may be formed under the Limited Right of the Members to continue the business of the Company shallīUSINESS PURPOSE. Occurrence of an event described in ARTICLE 1.4(c). Unanimous vote of the remaining Members within ninety (90) days after the Notwithstanding the provisions ofĪRTICLE 1.4, in the event of an occurrence described in ARTICLE 1.4(c), if thereĪre at least two remaining Members, said remaining Members shall have the right Member or the occurrence of any other event that terminates theĬontinued membership of a Member of the Company orĪny other event causing a dissolution of a Limited LiabilityĬompany under the laws of the State of Delaware. The death, resignation, expulsion, bankruptcy, retirement of a The Company to be carried on by the Members or Members whose capital interest as defined in Article 2.2 exceeds 50 percent voteįor dissolution or (b) Any event which makes it unlawful for the business of The Company shall continue for a period [insert The location of the registered office of the Company shall be: A Certificate of Formation shall be filed with the Secretary of Provisions of the Limited Liability Company Act as currently in effect as of The Members hereby form a Limited Liability Company ("Company") subject to the ![]() Liability Company named above under the laws of the State of Delaware.Īccordingly, in consideration of the conditions contained herein, they agree as This date the Members, through their agent, _, "Members" and individually as a "Member." Individuals and/or business entities shall be known as and referred to as Individual or business entity later subsequently admitted to the Company. This _ day of _, 20 _ by: [insert name(s) of LIMITED LIABILITY COMPANY AGREEMENT (the Agreement) is made and entered into Note: The purchased version of this form includes, in addition to the operating agreement, a packet of professionally drafted resolutions, notices, and minutes templates that are essential to the initial organization of an LLC and to its ongoing operation, including:Īppointment of Accountants, Appointment of Officers, Approval of Operating Agreement, Designation or Substitution of Agent for Service of Process, Approval of Employment Agreement, Sale of Membership Interests, Amendment of Articles of Organization, Approval of Borrowing, Annual Members Meeting, Purchase of Property, Qualifications to Do Business, Authorization for Members to Act on Behalf of LLC, Notice of Meeting, Declaration of Mailing of Notice of Meeting, Waiver of Notice and Consent to Hold Meeting of Members, Minutes of Special or Regular Meeting, and Action by Written Consent.
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