Limited Liability Company File With No Background

State:
Tennessee
Control #:
TN-00LLC-2
Format:
Word; 
Rich Text
Instant download

Description

The Limited Liability Company (LLC) Operating Arrangement form is designed for single-member LLCs in the State of Tennessee, providing foundational governance for the business structure. Key features include provisions for the formation of the LLC, management by the initial member, and regulations for adding new members, maintaining records, and handling financial contributions. Users must complete sections detailing the LLC's business purpose, registered office, and fiscal year. The form outlines how profits, losses, and distributions are managed, emphasizing the initial member's rights. Importantly, it addresses voting processes, member dissociation, and the sale of interests, ensuring clarity on ownership changes. The form is beneficial for attorneys, partners, and legal assistants as it provides a solid legal framework for single-member LLC operations while also accommodating future expansions. Paralegals and associates can use this arrangement to streamline the startup process and ensure compliance with state laws, while legal assistants can aid in maintaining organized records.
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  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement
  • Preview Single Member Limited Liability Company LLC Operating Agreement

How to fill out Tennessee Single Member Limited Liability Company LLC Operating Agreement?

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Form popularity

FAQ

If you're looking to form an anonymous LLC, New Mexico is probably your best bet. It's the only state that lets you keep your name off the public record, which means you get a ton of privacy and protection for your assets. Plus, the filing fees in New Mexico are very reasonable, making it a popular choice.

If we compare the anonymous LLC states on filing and maintenance costs, then New Mexico is the winner with one of the lowest LLC filing fees of $50 and no annual report required. If a business-friendly environment is your top priority, then Delaware would be the best state for you.

Here's an example of what a general LLC purpose statement might look like: ?The purpose of this limited liability company is to engage in any lawful activity for which limited liability companies may be organized in this state.?

Information Needed for New Mexico Articles of Organization The street address of your LLC's registered office. The name of your LLC's registered agent. A statement that a manager will have management authority in your LLC (if applicable) A statement that your LLC can operate with only one member (if applicable)

Owners have limited liability, meaning that the entity is responsible for all liabilities the company incurs. Profits and losses of company are passed on to the member and are only taxed at the individual level. Cons of LLC Structure: Often subject to additional taxes at the state level.

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Limited Liability Company File With No Background