Maine Exhibit A to Operating Agreement - Contract Area and Parties - Form 1

State:
Multi-State
Control #:
US-OG-739
Format:
Word; 
Rich Text
Instant download

Description

This form is a operating agreement exhibit that describes the contract area and party information.

How to fill out Exhibit A To Operating Agreement - Contract Area And Parties - Form 1?

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Limited Liability Companies (Title 31, chapter 21) MLLC-1Application for Reservation of NameMLLC-6Certificate of Formation Small Business Resources Commercial Clerk and Commercial Registered Agent (CRA) SearchMLLC-6A (D)Restated Certificate of FormationMLLC-9 (D)Certificate of AmendmentMLLC-10Statement of Merger27 more rows

Create an Operating Agreement Maine doesn't require an LLC to have an operating agreement but does recognize the operating agreement as a governing document for legal purposes if you have one. It is a good idea to create an operating agreement, especially for LLCs with more than one member.

While most states don't require LLCs to have operating agreements, it's always a good idea to create one to ensure your business is well administered and protected from risk.

An operating agreement is a key business document that shows your business operates like a legit company. Without the operating agreement, your state might not acknowledge you as an LLC, which means someone could sue you without there being any shield to protect your personal assets.

Although LLCs in Maine are not required to have a limited liability company operating agreement, it is wise to have one in place with other members should your LLC have more than one member.

The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons. The parties to the agreement can be broadly classified as operators and non-operators. The operator is the one who is responsible for the day-to-day management and operation of the field.

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Maine Exhibit A to Operating Agreement - Contract Area and Parties - Form 1