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Document Id : 7260
File Type : Microsoft Word
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USA LLC Member Representations with Regard to Securities
Set out how membership interests in a USA limited liability company have been ⁄ will be acquired with this LLC Member Representations with Regard to Securities.
- Each member represents that he/she has acquired the membership interest in the LLC for investment purposes only.
- The member has the knowledge and experience necessary to evaluate the economic risks of acquiring the membership interest.
- The member understands that he/she may bear the risk of an investment in the company for an indefinite period of time.
- Only the LLC has the right to register Membership Interests, but it is under no obligation to do so.
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