Limited Liability Company Operating Agreement For A Limited Liability Company Page 4

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The  Member  shall  elect  and  may  remove  the  Manager(s)  by  majority  
vote.  
 
The   authority   shall   be   held   by   the   Member   to   take   all   necessary   and  
proper   a ctions   i n   o rder   t o   c onduct   t he   b usiness   o f   t he   L LC.  
 
Any   Manager   can   take   any   appropriate   action   on   behalf   of   the   LLC,  
including,   but   not   limited   to   signing   checks,   executing   leases,   and  
signing   l oan   d ocuments   e xcept   f or   d ecisions   c oncerning   d istributions.  
 
With   or   without   the   notice   of   a   meeting,   the   action   of   the   Manager  
shall  be  based  on  a  majority  vote  of  the  Managers  when  determining  
the   t iming   a nd   t otal   a mount   o f   d istribution   t o   t he   M embers.  
 
The  compensation  to  the  Manager(s)  shall  be  in  the  discretion  of  the  
Member   o f   t he   L LC.  
 
XII.  
OFFICERS   AND   RELATING   PROVISIONS.   If   the   Member   decides   to  
manage  the  LLC,  rather  than  appointing  a  Manager,  the  Member  shall  
appoint   o fficers   f or   t he   L LC   a nd   t he   f ollowing   p rovisions   s hall   a pply:  
 
(a)
OFFICERS.   T he   o fficers   o f   t he   L LC   s hall   c onsist   o f   a   p resident,   a  
treasurer   a nd   a   s ecretary,   o r   o thers   t hat   m ay   b e   e lected   a nd  
appointed  by  the  Member.  A  Member  may  hold  more  than  
one  or  all  offices.  The  officers  shall  supervise  the  operation  
of   the   LLC   under   the   direction   and   management   of   the  
Member,   a s   f urther   d escribed   b elow.  
(b)
TERM   OF   OFFICE/ELECTION.   The   Member   shall   elect   the  
officers   of   the   LLC   annually   by   a   majority   vote.   Vacancies  
may   be   filled   or   new   offices   created   and   filled   at   any  
meeting   of   the   Member.     All   officers   shall   hold   their   office  
positions   unless   until   their   death,   removal   of   office,   or  
resignation.  Election  or  appointment  of  an  officer  or  agent  
shall   n ot   o f   i tself   c reate   a   c ontract   r ight.  
(c)
REMOVAL.   The   Member   may   decide   to   remove   any   officer   or  
agent   b y   a   m ajority   v ote   w henever   t hey   d ecide   t hat   t he   b est  
interest   of   the   company   would   be   served   thereby.   If   an  
officer  or  agent  is  removed,  it  shall  be  without  prejudice  to  
the   c ontract   r ights.  
(d)
PRESIDENT.   The   President   shall   be   the   chief   executive   officer  
of   the   LLC   and   shall   be   present   at   all   meetings   with   the  
Member.   The   president   shall   have   all   powers   to   perform  
such   d uties   t hat   a re   o utlined   i n   t his   A greement.  
(e)
THE   TREASURER.   The   Treasurer   shall   be   the   chief   financial  
officer   o f   t he   L LC.   T he   T reasurer   i s   r esponsible   f or   a ll   f unds  

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