Managers of an LLC, if any, may also have apparent authority. An interest holder, as such, does not have apparent authority to bind the company. Members also have certain exclusive rights, including access the LLC’s books and records. They have the power, in some cases, to bring ...
Also found in:Legal,Financial. limited liability company n.Abbr.LLC A company managed by members or elected managers, like a partnership, but with the liability of the members limited to the amount of capital they have invested in the business. ...
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LLC MEMBERSHIP INTEREST PURCHASE AGREEMENT, dated as of ___,___,___(M/D/Y), by and among AAA, a limited liability company organized under the laws of the state of ___(Address) ( AAA ), BBB Holdings, Inc., as nominee, a corporation organized under the laws of the state of ___...
Revenue Service (IRS) to disallow valuation discounts for the transferred property interests. It says that the Tax Court's decision focused on the economic and legal reality of the transaction by Pierre Family, a single-member limited liability company (SMLLC) organization owned by Suzanne Pierre....
LLC ownership interest is determined and spelled out inside the LLC Operating Agreement. LLC Membership Certificates can be used to reflect what’s inside the Operating Agreement. But again, ownership is most often just listed in the Operating Agreement. ...
Membership InterestThe Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member. Membership UnitsThe Company is initially organized with One (1) class of Membership Interests, designated in Units, which Units...
Membership Interest Certificates is defined in Section 7.9. Sample 1Sample 2Sample 3 Based on 4 documents SaveCopy Membership Interest Certificates means collectively (i) Certificate of Membership of Front Range Energy, LLC #2, representing 4,094.595 Class B Voting Units of the Company and (ii) ...
VI. SEASONALITY: The predictable annual change in seasons for a specific region that influences the demand for vacation travel to the region. VII. CLUB DEMAND: The interest for a given Deposit based on the historical Reservation activity within the THIRDHOME Exchange. ...
In addition to networking and team-building, Legion Operating Training Group will also help Electric Membership Corporation raise awareness for the Sua Sponte Foundation, a non-profit organization which helps US Army Rangers and their families in times of need. Cheytac USA, LLC's M300 Intervention...