In this book/CD-ROM package, Spadaccini, a corporate attorney, walks through the details of state limited liability company (LLC) acts and explains the procedures for dealing with the rules and regulations surrounding LLCs. Sections cover sources of authority for LLCs, the LLC players and their roles, handling ownership and ownership units, LLC formalities such as meetings and minutes, and LLC lawsuits and personal liability protection. The book contains a wealth of sample documents, checklists, and forms for setting up and managing the legalities of an LLC. A glossary is also included. The companion CD-ROM contains forms and documents needed for LLC operation. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
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Keep Your LLC in ComplianceAfter 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 extensive 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 decisionsLLC roles and the division of responsibility among participants to reduce your potential personal liabilityHandling ownership and ownership unitsLegally mandated formalities: business records, conducting and recording meetings, taking corporate actions, issuing stock and moreFramework for maximizing LLC personal liability protectionSave 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 LLCAlternative Provision for Use in Long-Form Operating Agreements: Book Value Method of ValuationCapitalization of Earnings Method of ValuationAppraisal Method of ValuationNotice to Remaining Members by a Member Desiring to Withdraw from LLCNotice to Withdrawing MemberWritten Consent of Members to Expel Member from LLCNotice to Member of Expulsion from LLCResolution Authorizing Manager to Transfer PropertyResolution Authorizing a One-Time Mandatory Capital Contribution from LLC MembersNotice of Year-End DistributionResolution of Members Converting Member-Managed LLC into Manager-Managed LLCSupplemental LLC FormsState Reference Information
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