Tennessee Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member

State:
Multi-State
Control #:
US-01017BG
Format:
Word; 
Rich Text
Instant download

Description

This is a form of resolution adopted by unanimous consent of the members of a limited liability rather than having a formal meeting. All members must sign the consent form.

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FAQ

You can easily change your Tennessee LLC name. The first step is to file a form called the Articles of Amendment with the Department of State and wait for it to be approved. This is how you officially change your LLC name in Tennessee. The filing fee for the Articles of Amendment in Tennessee is $20.

How can a member be removed from a TN LLC? Giving written notice of their intention to withdraw. Determination by a judge. Termination due to causes specified in the LLC's operating agreement or other documents.

We'll walk you through it. Consult your Tennessee LLC operating agreement. ing to TN Code § 48-249-501, the members (owners) of an LLC get to decide whether and how they will admit new members. ... Amend your operating agreement. ... Issue membership certificates. ... Contact the IRS. ... File your Tennessee annual report.

You must have a Petition and Order ready to be presented to the judge. The forms can be found at Forms page or can be obtained from the Clerk's Office. It costs $166.50 to do a name change. You DO NOT have to have an attorney.

Unlike the previous law, the revised LLC act provides for three different management models: member-managed, manager-managed, and director-managed. If you opt for a member-managed LLC, the revised act states that all members will have equal rights. All issues will be decided by a majority vote among the membership.

The annual report fee for LLCs is $300 minimum up to a maximum of $3000. The fee increases by an additional $50 per member for every member over 6 members up to a maximum of $3,000. An officer is not listed.

File an original form SS-4247, Articles of Amendment to Articles of Organization (LLC)with the Tennessee Department of State, Division of Business Services (DBS). The DBS amendment form is in your online account when you sign up for registered agent service and is available on the DBS website.

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Tennessee Resolution Accepting Resignation of Member of Limited Liability Company and Appointing a Successor Member