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OPERATIONS

8-1

CHAPTER 8

OPERATIONS

§8:10 INTRODUCTION

§8:15 Step-by-Step Procedure for Organizational Meeting

§8:20 ORGANIZATIONAL MEETING

§8:25 Annual Check-Up

§8:30 Appointment of Committees

§8:40 Corporation as Manager

§8:50 Off‌icers

§8:60 Meetings of Members or Management

§8:70 Notice Requirements

§8:80 Voting

§8:90 Voting Trust and Pooling Agreements

§8:100 Voting Trust Def‌ined

§8:110 Pooling Agreements Def‌ined

§8:120 Classif‌ication Issues in LLC Block Voting

§8:130 Examples of Block Voting Arrangements

§8:140 SPECIFIC LLC OPERATIONAL ISSUES

§8:150 Liability

§8:160 Piercing the LLC Veil

§8:170 Rights and Remedies of Creditors of Members

§8:180 Management

§8:181 Majority or Supramajority Management Decisions

§8:182 Counting Votes

§8:190 Fiduciary Duty

§8:200 Agency

§8:210 Ownership Certif‌icates

§8:215 Personal Residences or Vacation Home LLCs

§8:220 Reorganization, Dissolution and Reinstatement

§8:230 Withdrawal of Members

§8:240 Merger, Consolidations and Acquisitions

§8:250 Pre-Merger Notif‌ication

§8:251 State Merger Provisions

§8:260 Terminating the LLC

OPERATIONS

The Limited Liability Company 8-2

§8:270 CONVERSION FROM EXISTING ENTITIES

§8:280 Preliminary Considerations

§8:290 Conversion Procedures

§8:291 Conversion of General Partnership to LLC

§8:292 Conversion of Limited Partnership to LLC

§8:293 Conversion of General Partners of a Limited Partnership Into an LLC

§8:294 Conversion of Professional Partnership to LLC

§8:295 Conversion of an S Corporation Into an LLC

§8:300 RECORDS

§8:310 Recommended Items

§8:320 Records

§8:330 LLC Documentation

§8:340 Members’ Access to Records

§8:350 Annual Report

§8:360 Contributions of Capital, Distribution of Prof‌its and Return of Capital

§8:370 Transfer of Ownership Interests

§8:371 Restrictions on the Transfer of Ownership Interests

§8:380 Pledge of Ownership Interest as Security for Debt

§8:390 Buy-Sell Agreements

§8:400 Types of Buy-Sell Agreements

§8:410 Enforceability of Buy-Sell Agreements

§8:420 Funding of Buy-Sell Agreements

§8:430 Valuation of Buy-Sell Agreements

§8:440 Drafting the Buy-Sell Agreement

§8:445 Foreign LLCs

§8:450 Business Operations Outside the Home State

§8:460 Effect of Failure to Obtain Certif‌icate of Authority

§8:470 Liability Issues in Non-Home State Operations

§8:480 The Single-Member LLC

§8:490 Single-Member Taxation

§8:500 Disregarded Single-Member LLC

§8:510 Single-Member LLC Issues

§8:520 Single-Member Operating Agreement

§8:530 Single-Member Liability Protection

§8:600 BUYING AND SELLING LLCS

§8:610 Methods of Purchase

§8:620 Steps in LLC Purchase Process

§8:630 OPERATIONS CASE LAW

§8:631 LLC Operations

§8:632 Single Members

§8:633 Managers

§8:634 Management

§8:635 Agency

§8:636 Personal Liability

§8:637 Distributions

§8:638 Successor in Interest/Conversion

§8:639 Creditor’s Remedies

§8:640 Withdrawal/Dissolution

§8:641 Foreign LLCs

§8:642 Fiduciary Duties

§8:643 Transfer of Interests

OPERATIONS

8-3 Operations §8:15

§8:10 INTRODUCTION

−



    



§8:15 Step-by-Step Procedure for Organizational Meeting

   















 



   





 Μινυτε Βοοκ



    

 



 

   

   

ρεγιοναλ



 





 



    



 

    

    

    



  



 



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