The Delaware Resolution of Meeting of LLC Members to Increase the Number of Members and Specify the Conditions of Membership is an important document that outlines the process of increasing the number of members in a limited liability company (LLC) and establishing specific conditions for membership. This resolution is crucial for companies that are looking to expand their membership base and ensure that new members meet certain requirements. There are different types of Delaware resolutions that can be used to increase the number of members and specify the conditions of membership. These may vary depending on the specific needs and goals of the LLC. Here are a few examples: 1. General Resolution: This type of resolution is the most common and can be used when the LLC wants to increase the overall number of members without additional restrictions or conditions. It simply states the decision to increase the number of members and sets a new membership limit. 2. Resolution with Qualifications: In certain cases, the LLC may decide to add new members but with specific qualifications or conditions. This resolution would outline the criteria that potential members must meet, such as experience, expertise, or capital contribution requirements. This type of resolution allows the LLC to have more control over the quality and qualifications of its members. 3. Resolution with Defined Roles: In some LCS, it may be necessary to increase the number of members to fulfill specific roles or responsibilities within the company. For example, if the LLC is expanding into new markets or launching new products, it may need members with expertise in those areas. This resolution would specify the roles or positions that need to be filled, along with any necessary qualifications or conditions. 4. Resolution with Varying Membership Levels: Some LCS have different levels of membership based on investment levels or ownership percentages. This resolution would outline the new membership levels and the corresponding rights, privileges, and responsibilities associated with each level. It may also specify conditions or qualifications for each membership level. Regardless of the specific type of resolution, it is important to follow the guidelines and requirements outlined in the Delaware LLC Act and the LLC's operating agreement. This includes ensuring that the resolution is properly drafted, adopted, and documented, in accordance with the LLC's governance procedures. In conclusion, the Delaware Resolution of Meeting of LLC Members to Increase the Number of Members and Specify the Conditions of Membership is a vital document for LCS looking to expand their membership base and establish specific membership requirements. The exact type of resolution will depend on the goals and needs of the LLC, such as setting qualifications, defining roles, or creating different membership levels.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.