LLC Organizational Consent in Lieu of Meeting
With an LLC Organizational Consent in Lieu of Meeting, the members of an LLC can approve documents without a meeting where it would otherwise be required.
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Frequently Asked Questions
States generally require that an LLC is represented by a registered agent to ensure clear lines of communication between the state and the company. The registered agent has a physical office in the state and the job entails facilitating any process between the state and the LLC.
While there is no statutory requirement to use an LLC Organizational Consent in Lieu of Meeting to add new members to an LLC, it may be required in your company’s operating agreement. If there are no guidelines in the LLC’s operating agreement about adding new members, you should default to your state’s laws governing the process.
Typically, the members of an LLC are also owners. In other words, they hold an interest in the company, much like a stockholder in a corporation. Managers, on the other hand, are elected by the members of an LLC to perform administrative duties and serve a similar purpose to the directors of a corporation. Members can also be managers in an LLC.
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