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Husband and Wife-Termination by Divorce
As a legally binding addendum and amendment to our Operating Agreement for ______ (Name of LLC), dated ___, we, ___ and ___ (Names), submit the following: This Agreement is effective and shall continue until such time as the husband and wife are separated or divorced by law. In the event the members are separated or divorced, this Agreement will be terminated, and any ...
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Operating Agreement (Managers Simple LLC)
THIS OPERATING AGREEMENT (the "Agreement") of ___, LLC (the "Company"), a limited liability company organized pursuant to the _ Limited Liability Company Act (the "Act"), is executed effective as of the _ day of ____, by and among the Organizing and Initial Members. The parties hereto hereby establish ____, LLC to engage in any lawful business for which limited liability companies may be org
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Operating Agreement (Complex Manager Managed)
THIS OPERATING AGREEMENT (the "Agreement") of ___, LLC (the "Company"), a limited liability company organized pursuant to the __ (State) Limited Liability Company Act (the "Act"), is executed effective as of the _ day of ____, by and among the Organizing and Initial Members. The parties hereto hereby establish ___, LLC to engage in any lawful business for which limited liability companies
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Sale of LLC Interest Agreement
This Agreement is entered this the _ day of _, 19_, by and between ____ (Name), hereinafter referred to as Seller, and __ (Name), hereinafter referred to as Purchaser. 1.2 The Seller shall sell the said LLC interest for a total purchase price of ___ dollars ($_), consisting of ____ dollars ($_) in cash plus the assumption of debts worth __ dollars ($_). (You must ...
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Contributions
As a legally binding addendum and amendment to our Operating Agreement for _______ (Name of LLC), dated ___, we, ___ and ___ (Names), submit the following: The Operating Agreement will be effective ____, and the amount of initial capital will be __ dollars ($___). All members must contribute a minimum of ___ dollars ...
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Exhibit C - Transfer of a Membership Interest (for an LLC)
No Membership Interest shall be transferred voluntarily or involuntarily by sale, assignment, gift, pledge, exchange or other disposition, except as provided herein below. Purchase Value as used herein shall mean the Purchase Value of the Membership Interests of the Company established by a Certificate of Agreed Value signed by each Member and filed with the Company. In the event there is no Certificate of Agreed Value or in the event the same is more than two (2) years old, then, and in ...
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Exhibit B - Bylaws for an LLC for the Conduct of Meetings
The purposes of the annual meeting need not be enumerated in the notice of such meeting. Business transacted at all special meetings shall be confined to the purposes stated in the notice. A majority of the Managers present may adjourn any Managers' meeting to meet again at a stated date and hour.
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Application to Reserve A Limited Liability Company Name
2. The name of the applicant is: ___(Name). 4. The above limited liability company name is to be reserved for a nonrenewable period of 120 days (or such other period as is permitted by statute) from the date of the filing of this application. This the _ day of ____ (month), __ (year).
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Exhibit E - Member Representations with Regard to Securities (for an LLC)
This Exhibit E is a part of that certain Operating Agreement of __, LLC made the _ day of __, (year)__ and is incorporated therein by reference as if fully set forth therein. 9. If the Member is an organization, that it is duly organized, validly existing, and in good standing under the laws of its state of organization and that it has full organizational power and authority to execute and agree to this Agreement and to perform its obligations ...
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Barring of Goodwill
As a legally binding addendum and amendment to our Operating Agreement for _______ (Name of LLC), dated ___, we, _____ and ___ (Names), submit the following: In the event of the retirement or death of a member, and after determining the value of the interest of that member, it is agreed, as a provision of the Contractual Agreement, that the estate of the deceased member shall ...
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Notice of Admission of New Member
You are hereby notified that, as of ___ (date), __ (Name) has been admitted as a full and equal member of __ (Name of LLC), hereinafter referred to as LLC, an LLC located at ____ _____ (Address) which carries on the business of __ (Type of Business), and has thereby been vested with the same authority and is subject to the same obligations as the other members of the LLC. This ...
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Plan of Dissolution and Liquidation
The undersigned, being all of the members of __, LLC, hereby adopt the following plan for the dissolution and liquidation of the company. 1. The company shall cease the active conduct of its business and proceed to dissolve the company, wind up its affairs, distribute its assets, and terminate the company. 3. As soon as practicable thereafter, the company shall distribute to its members the assets owned by it in accordance with their relative capital contributions to the ...
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Assumption of Personal Debt by New Member
ASSUMPTION OF PERSONAL DEBT BY NEW MEMBER As consideration for the interest of _____ _____ (Name and Address) in the assets of _____ (Name of LLC), hereinafter the LLC, the firm agrees to pay ___ percent (_%) of the personal indebtedness incurred by _____ (Name) in the purchase of property and in conducting the business of the LLC.
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Agreement Review
As a legally binding addendum and amendment to our Operating Agreement for _______ (Name of LLC), dated ___, we, _____ and ____ (Names), submit the following: For the purpose of any changes that may be needed to update contractual agreements, each party will be given the right to review the terms of the Agreement at least ___ every ...
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Application for Certificate of Withdrawal of Limited Liability Company
4. The limited liability company revokes the authority of its registered agent to accept service of process and consents that service of process in any action or proceeding based upon any cause of action arising in the State of __, or arising out of business transacted in the State of _____, during the time the limited liability company was authorized to transact business in the State of __, may hereafter be made on such ...
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