District of Columbia Minutes of a Special Meeting of the Members of a Limited Liability Company Authorizing Redemption of Member's Interest in Limited Liability
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How to fill out Minutes Of A Special Meeting Of The Members Of A Limited Liability Company Authorizing Redemption Of Member's Interest In Limited Liability?
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FAQ
Unlike a traditional LLC, the Series LLC allows for the sorting of individual properties into separate compartments that are isolated and insulated from each other. This type of LLC is especially useful for dealing with real estate investors and other clients dealing with multiple assets.
The D.C. Nonprofit Corporation Act of 2010 (the ?Nonprofit Code?) overhauled laws regarding the formation and operation of nonprofits organized under D.C. law. It was the first substantial change to the D.C. Nonprofit Code since 1962. The new law became effective January 1, 2012.
To start a corporation in DC, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Department of Licensing and Consumer Protection. You can file this document online, in person, or by mail. The articles cost a minimum of $99 to file.
A District of Columbia Series LLC is a limited liability company that consists of a parent organization and divisions, called ?series,? with separate assets, finances, and limited liability. Washington, D.C., is one of around a dozen US jurisdictions where you can form a Series LLC.
Here's what you need to know: Get a Washington DC license for your profession. All the members of a Washington DC PLLC must be professionally licensed in the District of Columbia for the services the business offers. ... Hire a DC registered agent. ... File the Articles of Organization for your District of Columbia PLLC.
With a Series LLC, a holding company can hold all individual businesses under a single umbrella while mitigating the risk of one business' assets being used to satisfy the debts or liabilities incurred by another of its businesses.
A holding company doesn't actively operate businesses?it simply exists and owns. As a series LLC, the holding company would own all of the individual series beneath its umbrella. Real estate investors with multiple properties sometimes form series LLCs to isolate liability.
Restricted LLCs are LLCs with restrictions on when owners can make distributions. They're often used for estate planning or as an asset vehicle. A Nevada Series LLC is an LLC with one or more divisions (called ?series?) within itself, each with its own liability, assets, and debt.