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    USA LLC Formation Agreement with 3 Classes of Members


    This LLC Formation Agreement provides for a limited liability company to have three classes of members.

    The member classes are defined by their profit and loss allocations, their share of the assets upon dissolution of the company, and their voting rights, as follows:
    • Class A Investor Members receive 60% of the profits, bear 90% of the losses, and have 5 votes.
    • Class B Manager Members are responsible for the management and direction of the LLC. They receive 30% of the profits, bear 10% of the losses, and have 2 votes, and are the only members to vote on company decisions which do not, by law, require the vote of all members.
    • Class C Employee Members receive 10% of the profits, bear none of the losses, and have 1 vote.

    The Formation Agreement can be used by LLCs anywhere in the United States. Buy the form, download, fill in, print and sign.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 7393
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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.
    This USA LLC Member Representations with Regard to Securities template is available in MS Word format, and is fully editable to fit your specific circumstances.