Products tagged with 'limited liability company'

Set out the procedure for meetings of members and managers of a USA limited liability company with this template Bylaw of LLC form.

Topics Covered in the Bylaw

• Procedures for holding annual and special meetings of the members.
• Steps for giving notice of meetings to the members.
• Explanation of what constitutes a quorum for a meeting.
• Details of how meetings of the managers of the LLC are to be conducted.

Format and Jurisdiction

The Bylaw of Limited Liability Company template is available as a downloadable and fully editable MS Word document. This LLC Bylaw can be used throughout the United States.

Have each member in a USA limited liability company put in writing how their membership interests were acquired with this Member Representation form.

• Representations of Member. Each member represents that:
  • They have acquired their 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 they may bear the risk of an investment in the company for an indefinite period of time.
• Registration of Interests. Only the LLC has the right to register Membership Interests, but it is under no obligation to do so.
• Format. This template is available in MS Word format and is fully editable to fit your specific circumstances.
• Jurisdiction. This LLC Member Representation form is intended for use only within the United States.

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.

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.