Limited Liability Companies

Set out in writing how meetings of members and managers of a USA limited liability company will be conducted with this Bylaw of LLC Governing the Conduct of Meetings, which covers the following:

• procedure for holding annual and special meetings of LLC members;
• how notice of meetings is to be given to the members;
• what constitutes a quorum at a meeting;
• how meetings of the managers of the LLC are to be conducted.

This LLC Bylaw can be used throughout the United States. To get your copy, add it to your cart and check out. You can then download the form.

Set up a limited liability company for the purpose of fractional (joint) ownership of a yacht with this LLC Members Agreement.

• The Agreement is governed by United States laws.
• In addition to an initial capital contribution, each member of the LLC must make quarterly payments to pay for overhead, including dockage fees, maintenance, insurance, and management fees.
• Each member has an equal say in the operations of the LLC.
• If any member wants to sell their interest in the yacht, or if a member dies, the other members have a right of first refusal to acquire their interest.
• Each member's use of the yacht is based proportionally on his or her ownership interest.
• Each member is responsible for any damage, loss or injury to the yacht while they are using it.
• Only qualified skippers are allowed to captain the vessel. If a member is not qualified, he or she must hire a licensed skipper, at his/her own expense.
• A member must comply with all conditions governing operating requirements and vessel responsibilities during their use of the yacht.
• This is a fully customizable legal form template.

Prepare an Operating Agreement for a limited liability company (LLC) with several members with this comprehensive template for the USA.

• The Operating Agreement sets out the rights, obligations and relationship of the members of the LLC.
• Provisions of the Agreement include:
  • dealing with the interest of a member if the member fails to make the required capital contributions;
  • the method by which profits and losses will be allocated;
  • how fair market value of a membership interest will be determined;
  • procedure for calling meetings of members and for voting;
  • transfers of membership interests, including transfer on the death of a member;
  • dissolution and winding up.
• Available in MS Word format and fully editable to fit your specific requirements.
• Intended to be used only in the United States.

Set the terms by which an LLC will buy, develop and lease real estate property with this easy-to-use LLC Operating Agreement for Real Estate Developer.

• This 11-page agreement template establishes the formation of a multi-member limited liability company in the United States for the purpose of purchasing, developing, operating, leasing and/or selling real estate properties.
• The members are responsible for managing the business and affairs of the LLC and may appoint one or more managers to delegate that authority to.
• Provisions for admitting new members and for existing members to transfer their interest.
• Provisions for tax and accounting procedures. The LLC is treated as a partnership for U.S. federal tax purposes.
• Provisions for dissolution of the LLC, liquidation and distribution of the assets on a pro rata basis after payment of the LLC's obligations.
• This is a U.S. template which can be used in most states. Check with the Secretary of State in your area to find out what else is required.
• An LLC can be a cost-effective and efficient structure for a real estate developer.

Prepare an Operating Agreement for a single member limited liability company (LLC) in the USA with this comprehensive template.

• The Operating Agreement sets out the rights and obligations and relationship of the sole member of the LLC.
• Provisions of the Agreement include:
  • income tax reporting to be done by the sole member;
  • duties of manager (either the sole member or an outside person appointed by the member);
  • the sole member is not restricted in outside business activities;
  • transfer of the member's interest in the LLC upon death or disability;
  • dissolution and winding up of the LLC.
• Available in MS Word format, fully editable to fit your specific requirements.
• Intended to be used only within the United States.

Dissolve a limited liability company in the United States with this Plan of Dissolution and Liquidation of LLC.

• All of the members resolve to:
  • have the company cease actively conducting business;
  • distribute the assets of the LLC to the members;
  • publish a Notice of Dissolution for the benefit of creditors and interested parties.
• This template can be used in any State that does not have a prescribed statutory form required by law for dissolution.
• Intended to be used only within the United States.

Sell all or part of your interest in a USA limited liability company with this template Sale of LLC Interest Agreement.

• The Seller will provide a bill of sale on closing, in return for a check from the Purchaser.
• The Seller warrants that the LLC owns its assets and property free and clear except for liens disclosed in the Agreement.
• The Seller must provide copies of all insurance policies.
• The other members of the LLC will not allow the Seller to incur liabilities, enter into contracts, or encumber the interest without the consent of the Purchaser until the transaction closes.
• Available in MS Word format.
• Intended to be used only in the United States.

This Transfer of LLC Membership Interest should be attached as an addendum to an original LLC Operating Agreement for a USA limited liability company.

The Transfer addendum sets out the rules set up by the members governing the transfer of a membership interest from a departing or deceased member to a related party (spouses or family members) or to a non-related party. The Transfer addendum covers the following topics:

• permitted transfers to related parties;
• voluntary transfers to non-related parties;
• involuntary transfers to related and non-related parties;
• method of determining purchase value;
• payment of purchase value;
• admission of new members.

This USA Transfer of LLC Membership Interest template is available in MS Word format, and is fully editable to fit your specific circumstances.

Set up a limited liability company in the U.S. under this LLC Formation Agreement between the members of the company.

• This is an informal preliminary agreement which the members can put in place so they can proceed with filing Articles of Organization and forming the company, prior to entering into a formal operating agreement.
• The members agree that this is a preliminary agreement only and that they intend to execute a more complex agreement within a reasonable time.
• The members will manage the business of the LLC and will vote according to their proportionate interests.
• The members are free to carry on other businesses as long as they do not compete or conflict with the business of the LLC.
• The members agree that disputes will be settled by arbitration.
• The LLC Formation Agreement can be used throughout the United States.

Make sure all members sign the Agreement before you file your Articles and organize the company. Buy, download, start using the form right away.

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.