Long Beach California Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest

State:
Multi-State
City:
Long Beach
Control #:
US-01764BG
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. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. 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 Transmutation Agreement is a written agreement between married persons that changes the character of property owned by one of the parties, or the parties jointly, during marriage. In this case, the character of the ownership of the LLC is being done by amendment to the operating agreement.

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  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest
  • Preview Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest

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FAQ

The median home price in Long Beach is $875,000 with a median price per sqft of $664. The cost of living index for housing estimates the cost of housing in Long Beach to be 235.2% of the national average. This makes it one of the most expensive cities in the US.

Overall, Long Beach is an ideal location for those who enjoy living near the ocean and mild weather. The city's beaches and oceanfront offer a range of activities, while the mild climate makes it an ideal location for outdoor activities throughout the year.

Long Beach is so close to every terrain and climate that in one day, you could surf in the morning, snow ski in the afternoon, and come home and see a movie at night. Every famous Southern California landmark, attraction, and destination is easily within a two-hour drive from the city.

Long Beach: An underrated destination While part of Los Angeles County, Long Beach has a much more laid-back vibe than LA, yet there is still plenty to do and explore here. There has been a lot of revitalization and new developments going on, making Long Beach an even more attractive destination to visit.

Voted one of America's ?Most Walkable Cities,? Long Beach is comprised of eight distinct neighborhoods and tucked in along the waterfront centrally located to Los Angeles and Orange County. Experience the big-city feel with small-town charm in a unique oceanfront setting ? Welcome to Long Beach.

Long Beach is located in one of the wealthiest counties, in one of the wealthiest nations in the world, yet 22.8% of our residents live at or below the U.S. Federal Poverty Guidelines. That's consistent with the 23.2% of Californians living in poverty, but significantly higher than the national rate of 15.1%.

Long Beach boasts five miles of the finest, cleanest sand and safest bathing in the northeast. There is a fee from Memorial Day to Labor Day (see price schedule in Beach Park section). There are also town and county beach parks in Lido Beach and Point Lookout. Admission is free, but there is a per-car parking charge.

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Long Beach California Amended and Restated Operating Agreement - Increasing One Member's Ownership Interest