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Generally, states don't require LLCs to hold annual member meetings and write minutes. An LLC's operating agreement, however, may require annual meetings and recording of minutes. When that's the case, it's critical for the LLC to follow through with that requirement to demonstrate adherence to business compliance.
A Delaware LLC agreement is a requirement to form and operate a limited liability company within the state.
Yes. Delaware law requires every corporation to hold an annual shareholders meeting at least once every 13 months. Generally, the date of the annual meeting is contained in the bylaws of the corporation. A meeting must be held, regardless of the number of shareholders in the corporation.
Pennsylvania does not require an SMLLC to have an operating agreement. However, even though an SMLLC has just one member, an operating agreement is highly recommended. An SMLLC operating agreement does not need to be filed with the state.
Section 18-210 of the Delaware Limited Liability Company Act states that there are no statutory appraisal rights afforded to dissenting members in a merger of a Delaware LLC.
Generally, no, LLC's are not required to hold annual meetings; however, annual meetings are a great way to maintain a healthy and well-run business.
Unlike corporations, neither Texas nor Delaware law require LLCs to hold annual meetings or maintain minutes of meetings if they are held this holds true for members and managers (FYI, LLCs don't always have managers).
Stockholders may, unless the certificate of incorporation otherwise provides, act by written consent to elect directors; provided, however, that, if such consent is less than unanimous, such action by written consent may be in lieu of holding an annual meeting only if all of the directorships to which directors could
Per the Delaware LLC Act, the operating agreement can be a written, oral, or implied contract. However, only a written and notarized contract is actually enforceable.
Delaware does NOT require an operating agreement. However, it is highly recommended to have a LLC operating agreement even if you are only a single member LLC. The state of Delaware recognizes operating agreements and governing documents.