Limited Liability Company - Partnership / Member Agreement (Page 2 of 3) in pdf

Limited Liability Company - Partnership / Member Agreement Page 2

AGREED UPON

PERCENTAGE

LIST SPECIFIC

NAME OF PARTNER

CASH VALUE OF

DISTRIBUTION OF

CONTRIBUTIONS

CONTRIBUTION

PROFITS AND LOSS

6. BANKING - It is agreed that during the continuance of the LLC herein, all notes, drafts or money

received for and in behalf of the said LLC and by the parties hereto shall be deposited in a bank to be

agreed upon by the parties hereto and the moneys credited to said LLC shall only be withdrawn by

check, ATM, or direct deposit by CEO or CEO approved partner or member. If in the amount over

$5,000.00 the draw shall be approved by any TWO of the partners whose names appears below:

NAME

7. BOOKS - It is agreed by said parties, that there shall be kept at all times during the continuance of

their partnership, just, and true books of account; wherein all partners shall enter all money received

and expended, as well as all other matters relative to the business or management thereof; and that all

partners shall have access thereto, without interruption or hindrance by the other.

8. TERMINATION OF PARTNERSHIP - It is hereby agreed by all parties that at the termination of the

partnership or a partner, the said partners shall within a period of thirty (30) days, give a true and final

account of all things relating to their business including money, goods, wares, fixtures, and all other

properties, which after payment of the partnerships liabilities, shall be divided between them in the same

percentages as were profits and losses and within a period of ninety (90) days, truly adjust all matters

with the departing partner. At no point can the partner or partners sell their contribution to outside

entities. Buy outs will only be made to the departing partner and/or partners; and should said partners

be unable to ascertain the value of any of the assets belonging to the partnership, said assets shall then

be sold either at private or public sale to be agreed upon by the parties hereto and a division of the

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Limited Liability Company - Partnership / Member Agreement Page 2