This Operating Agreement is for a Limited Liability Company with only one Member. This form may be perfect for an LLC started by one person. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Delaware Limited Liability Company Act Removal Of Manager
State:
Delaware
Control #:
DE-00LLC-2
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Delaware Single Member Limited Liability Company LLC Operating Agreement?
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FAQ
The LLC's Operating Agreement must be amended to reflect that a new member is now part of the LLC, or to reflect the removal of a member, and all current members must sign the newly amended Operating Agreement, but you are not required to file the amended Operating Agreement with the state of Delaware.
Usually, the bylaws gives the Board the power to appoint and remove officers. Even if that power is not given expressly to the Board in the bylaws, the Board has ultimate authority over the corporation. The next step is obtain consent from the Board to make the proposed change.
A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited liability company, other than liabilities to members on account of their limited liability company interests and liabilities ...
Section 18-217 allows a domestic Delaware limited liability company (LLC) to divide itself into two or more domestic LLCs and to allocate the assets and liabilities of the dividing LLC (the ?dividing company?) among itself (if the dividing company survives the division) and the newly formed LLCs (the ?resulting ...
Registered series of members, managers, limited liability company interests or assets [Effective Aug. 1, 2019]. (a) If a limited liability company agreement provides for the establishment or formation of 1 or more series, then a registered series may be formed by complying with this § 18-218.