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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.

    Letter of Intent for Exclusive Distributor


    When negotiating a contract with a distributor to sell your products, it's a good idea to put the negotiating points down in writing in this Letter of Intent.

    • The parties intend the distributor to have exclusive rights to distribute the products within a given territory, and a right of first refusal on additional territories.
    • The distributor will be an independent contractor, and not an employee or agent of the supplier.
    • The supplier will provide products of the highest quality, with all applicable warranties.
    • Target markets are identified.
    • The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties, such as confidentiality provisions.
    • This template is generic, not country specific, and can be used anywhere.

    Download the Letter of Intent form and start the process of adding an exclusive distributor to your network.