Chandler Arizona Sale and Assignment of a Percentage Ownership Interest in a Limited Liability Company

State:
Multi-State
City:
Chandler
Control #:
US-01377BG
Format:
Word; 
Rich Text
Instant download

Description

A limited liability company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. Management of an LLC is vested in its members. An operating agreement is executed by the members and operates much the same way a partnership agreement operates. Profits and losses are shared according to the terms of the operating agreement.


A membership interest may be used to refer to the ownership interest of a member in the LLC. The word unit is often used to reflect the membership interests of a member in the LLC. Some LLC's issue membership interest certificates. To become a new member of the LLC the consent of majority of the members is necessary. A transfer of units of an existing member does not automatically include membership into the LLC.

Free preview
  • Form preview
  • Form preview

Form popularity

FAQ

1. : a maker or seller of tallow or wax candles and usually soap. 2. : a retail dealer in provisions and supplies or equipment of a specified kind. a yacht chandler.

/???ps t?ændl?r/ (also chandler) ?a person or shop that sells equipment for ships and boats.

A person who sells supplies for boats or ships: The ship's chandler always needs extra help when a boat comes in. He became a yacht chandler in Shaldon, at the mouth of the River Teign.

Origin of chandler1. 1275?1325; Middle English chandeler candlestick, maker or seller of candles < Anglo-French, Old French chandelier, literally, someone or something connected with candles, equivalent to chandelle candle + -ier -ier 2.

Chandler (occupation), originally head of the medieval household office responsible for candles, now a person who makes or sells candles. Ship chandler, a dealer in supplies or equipment for ships.

Chandler (noun as in dealer) Strongest matches. banker merchant retailer trader trafficker vendor wholesaler.

Welcome to Chandler, AZ ? a dynamic city known for its tech innovation, cultural districts, and diverse architecture. With a thriving arts scene and commitment to innovation, Chandler is recognized globally.

Chandler in Occupations topic From Longman Dictionary of Contemporary Englishchand?ler /?t???ndl? $ ?t?ændl?r/ noun [countable] someone who made or sold candles in the past ? ship's chandlerExamples from the Corpuschandler? In 1788 the Tandragee Circuit was formed in the house of James Lemon, a chandler.

Interesting Questions

More info

To begin the report process, please complete as many of the fields as possible that apply to the incident. Building Safety reviews plans, issues permits, and conducts building inspections for development projects.There are a LOT of great things going on in our school — honors, awards, community service projects, special programs we offer and accomplishments. All businesses in the City of Chandler are required to have a Business Registration. Please fill out form completely to ensure accurate information. Contact the box office at 480-782-2673 if you have any questions. Who needs to fill out the Financial Aid application? How are packages determined? You help all of us when you report incidents that you consider to be improper police conduct. Please fill out what fields you feel comfortable with.

Trusted and secure by over 3 million people of the world’s leading companies

Chandler Arizona Sale and Assignment of a Percentage Ownership Interest in a Limited Liability Company