Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read and Review Amended and Restated Operating Agreement of Seed Holding, LLC, Appendix B, of Butler, Allison E., Positive Business Trajectory and answer the following

Read and Review Amended and Restated Operating Agreement of Seed Holding, LLC, Appendix B, of Butler, Allison E., Positive Business Trajectory and answer the following questions referring to provision of Operating Agreement when applicable.

  1. How is this LLC managed?
  2. Who are the managers of this LLC?
  3. What state is this LLC registered in?
  4. What state is the registered agent located in?
  5. Are the managers liable for claims against the LLC?
  6. How are new managers appointed?
  7. Who are the members of this LLC?
  8. What is the liability of the member of this LLC?
  9. How are new members admitted?
  10. How is this LLC taxed?
  11. What are the contributions of each member?
  12. Are there any restrictions on transfer of membership?
  13. What events will cause the dissolution of the LLC?
  14. How are internal disputes among members resolved?
  15. Which member holds the majority of membership units?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text And Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller

15th Edition

0357129636, 978-0357129630

More Books

Students also viewed these Law questions

Question

Behaviour: What am I doing?

Answered: 1 week ago