Articles of Agreement LLC serves as the foundation for establishing a Limited Liability Company in the United States. This document is required when forming an LLC and must be filed with the appropriate state authority. The Articles of Agreement LLC includes essential information such as the company name, registered agent, business purpose, management structure, and member details. It's crucial for protecting member interests, establishing liability limitations, and ensuring compliance with state regulations. The document varies by state jurisdiction and may require periodic updates as the business evolves.
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1. Parties: Identification of all LLC members and their contact information
2. Background: Purpose of forming the LLC and basic business objectives
3. Definitions: Key terms used throughout the agreement
4. Formation: Details of LLC formation, including name, registered office, and duration
5. Capital Contributions: Initial and additional capital contributions by members
6. Management Structure: Whether member-managed or manager-managed, and associated rights
7. Profit/Loss Distribution: How profits and losses will be allocated among members
8. Voting Rights: Member voting procedures and requirements
9. Dissolution and Winding Up: Procedures for dissolving the LLC and distributing assets
1. Buy-Sell Provisions: Rules for transferring membership interests, used when members want specific transfer restrictions
2. Non-Compete Clauses: Restrictions on competitive activities, used when protecting business interests from member competition
3. Succession Planning: Procedures for death or incapacity of members, used when long-term continuity is important
4. Dispute Resolution: Specific procedures for resolving internal disputes, used when members want to avoid court litigation
1. Schedule A - Member Information: Detailed member information and capital contributions
2. Schedule B - Property Schedule: List of LLC property and assets
3. Appendix A - Operating Procedures: Detailed management and operational procedures
4. Appendix B - Voting Procedures: Detailed voting mechanisms and requirements
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