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The Operations Manual for LLCs (Entrepreneur Legal Guides)
The Operations Manual for LLCs - Entrepreneur Legal Guides Author:Michael Spadaccini Keep Your LLC in Compliance After you've formed your LLC, this book is a must-have resource. Mindful of the complications and numerous requirements that surround LLCs, experienced attorney Michael Spadaccini walks you through the details of what you need to know about your state's LLC act as well as the procedures for dealing with the ex... more »tensive rules and regulations. In this quick-reference format, you'll learn about LLC legal formalities, internal governance, record-keeping, vital LLC mechanics and more-all critical information that will allow you to spend less time researching procedures and more time running a successful business! Spadaccini covers:
Explanations and definitions of LLC company acts, articles of organization and operating agreements and how they impact your decisions
LLC roles and the division of responsibility among participants to reduce your potential personal liability
Handling ownership and ownership units
Legally mandated formalities: business records, conducting and recording meetings, taking corporate actions, issuing stock and more
Framework for maximizing LLC personal liability protection
Save thousands of dollars in attorney's fees and ensure the success of your LLC with this professional guidance! For 30 years, Entrepreneur has provided the most trusted business advice available to business owners. Our legal guides continue that tradition by offering current and cost-effective legal advice so you can resolve the business and legal issues you face on a daily basis. We also help you identify when it's in your best interest to seek the personalized advice and services of a practicing lawyer. All the forms your LLC needs! Sample documents include:
Long-Form Operating Agreement for Member-Managed LLC
Long-Form Operating Agreement for Manager-Managed LLC
Alternative Provision for Use in Long-Form Operating
Agreements:
Book Value Method of Valuation
Capitalization of Earnings Method of Valuation
Appraisal Method of Valuation
Notice to Remaining Members by a Member Desiring to Withdraw from LLC
Notice to Withdrawing Member
Written Consent of Members to Expel Member from LLC
Notice to Member of Expulsion from LLC
Resolution Authorizing Manager to Transfer Property
Resolution Authorizing a One-Time Mandatory Capital Contribution from LLC Members
Notice of Year-End Distribution
Resolution of Members Converting Member-Managed LLC into Manager-Managed LLC