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How to fill out the Capital Call Template online
This guide provides a comprehensive overview of how to correctly fill out the Capital Call Template online. Whether you are new to this process or seeking clarification, this step-by-step guide is designed to assist you in completing the necessary sections with confidence.
Follow the steps to complete the Capital Call Template:
- Press the ‘Get Form’ button to obtain the Capital Call Template and open it in your online editor.
- Begin filling out the template by entering the name of the member at the top of the form, where indicated under 'To:'.
- Proceed to provide the address of the member in the designated space to ensure accurate correspondence.
- In the section detailing the adopted resolutions, indicate the date when these resolutions were adopted.
- Under the first resolution, insert the name of the member whose interest in the LLC is being purchased.
- Reference the applicable article from the Operating Agreement of the LLC in the spaces provided throughout the form.
- Clearly state the unpaid amount that is due from the member in response to the Capital Call Request.
- Enter the deadline for payment in the specified section, making sure to provide a clear date.
- If relevant, summarize the implications of failing to meet the payment obligation, specifically regarding dilution of membership interest.
- Finally, provide the address where the payment should be sent at the end of the document.
- Witness the signature line by filling in the printed name and signature of the Managing Member, followed by the date of signature.
- Once all fields are completed, save your changes, and you can then choose to download, print, or share the Capital Call Template.
Complete your Capital Call Template online today to ensure your obligations are met.
A capital call, also known as a "draw down," is the act of collecting funds from limited partners whenever the need arises. When an investor buys into a private equity fund, the firm makes an agreement with the investor that these funds will be available when the firm requests them.
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