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For the most part, you can use your state's Secretary of State website to see who owns an LLC. Keep in mind, though, that the Secretary of State's database may only contain information about LLCs registered within the state. An LLC registered in another state can own property throughout the country or world.

LLC members have equal ownership percentages if they all contributed the same amount of capital. If this is not the case, the profit allocation is equitable. Can Members Take Unequal Distributions? Members can take unequal distributions if they infuse the same amount of capital into the company.

An LLC resolution is a document describing an action taken by the managers or owners of a company, with a statement regarding the issue that needs to be voted on. This does not need to be a complicated document, and need only include necessary information.

An LLC banking resolution is often one of the most necessary, as a business cannot generally create a bank account without one. Depending on the rules of the bank, you may be required to fill in an additional proprietary form before creating a business bank account.

Single-member LLCs do not need resolutions, but they can still come in handy in certain situations, like if the company must defend itself in court. Documenting changes or actions not covered in the original bylaws or articles of incorporation can help an LLC protect itself from lawsuits or judicial investigations.

The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during business operations. Most states have default provisions that address many of these difficulties, but the operating agreement can override these presumptions.

An operating agreement (bylaws) is an internal document that defines how the business owners professionally relate to one another. The articles of incorporation (certificate of formation) is a public document that legally establishes a business as a corporation.

A Corporate Resolution for an LLC is a formal document that records decisions and actions taken by the company's members or managers, serving as evidence of important business choices and authorizing specific transactions or activities.

Your LLC's operating agreement outlines procedures for day-to-day operations like voting, distribution of profits, and company management, and it might include situations when a resolution should be used. But events can occur that require your company to change its procedures.