Section 404(d) of the Uniform Limited Liability Company Act (1996) provides: "Action requiring the consent of members or managers under this Act may be taken without a meeting." This is a form of resolution adopted by unanimous consent of the members of a limited liability rather than having a formal meeting.
Arizona Unanimous Consent to Action By Sole Member of a Limited Liability Company, in Lieu of a Meeting, Accepting and Appointing a New Member is a legal process that allows the sole member of an Arizona LLC to take action and welcome a new member without conducting a formal meeting. This procedure is a convenient alternative when the LLC has only one member or when all members unanimously agree to bypass a meeting. The Arizona Revised Statutes (AS) provide the framework for this unanimous consent process. Specifically, A.R.S. § 29-682 allows a limited liability company to make decisions through written unanimous consent of its members, thereby eliminating the necessity of a physical meeting. To initiate this action, the existing sole member or all members of the Arizona LLC must draft a written consent document outlining their agreement. This document should be signed and dated by the consenting member(s) and, if necessary, notarized to ensure its validity. It should explicitly state the acceptance of a new member and give details regarding their appointment, such as their name, address, capital contribution, and membership interest in the LLC. Important keywords related to this process include: 1. Arizona Revised Statutes (AS): The collection of laws that govern business entities, including limited liability companies, in the state of Arizona. 2. Limited Liability Company (LLC): A business structure that combines the pass-through taxation benefits of a partnership or sole proprietorship with the limited liability protection of a corporation. 3. Sole Member: The individual who owns 100% of the membership interest in an LLC and has exclusive authority to make decisions on behalf of the company. 4. Unanimous Consent: The agreement of all members of an LLC, or the sole member if there is only one, to take certain actions or make specific decisions without holding a formal meeting. 5. Accepting a New Member: The process of allowing an individual or entity to join an LLC as a member, potentially contributing capital and sharing in the profits and losses. 6. Appointing a New Member: The act of officially granting membership rights and responsibilities to a new individual or entity within an LLC. 7. Written Consent: A documented agreement, signed by the necessary parties, stating their unanimous decision and intentions regarding accepting and appointing a new member. 8. Notarization: The process of having a document officially witnessed and certified by a notary public, ensuring its authenticity and legal validity. It is worth noting that the naming conventions for different types of Unanimous Consent to Action By Sole Member of a Limited Liability Company, in Lieu of a Meeting, Accepting and Appointing a New Member may vary depending on the specific purpose or circumstances of the addition of a new member.Arizona Unanimous Consent to Action By Sole Member of a Limited Liability Company, in Lieu of a Meeting, Accepting and Appointing a New Member is a legal process that allows the sole member of an Arizona LLC to take action and welcome a new member without conducting a formal meeting. This procedure is a convenient alternative when the LLC has only one member or when all members unanimously agree to bypass a meeting. The Arizona Revised Statutes (AS) provide the framework for this unanimous consent process. Specifically, A.R.S. § 29-682 allows a limited liability company to make decisions through written unanimous consent of its members, thereby eliminating the necessity of a physical meeting. To initiate this action, the existing sole member or all members of the Arizona LLC must draft a written consent document outlining their agreement. This document should be signed and dated by the consenting member(s) and, if necessary, notarized to ensure its validity. It should explicitly state the acceptance of a new member and give details regarding their appointment, such as their name, address, capital contribution, and membership interest in the LLC. Important keywords related to this process include: 1. Arizona Revised Statutes (AS): The collection of laws that govern business entities, including limited liability companies, in the state of Arizona. 2. Limited Liability Company (LLC): A business structure that combines the pass-through taxation benefits of a partnership or sole proprietorship with the limited liability protection of a corporation. 3. Sole Member: The individual who owns 100% of the membership interest in an LLC and has exclusive authority to make decisions on behalf of the company. 4. Unanimous Consent: The agreement of all members of an LLC, or the sole member if there is only one, to take certain actions or make specific decisions without holding a formal meeting. 5. Accepting a New Member: The process of allowing an individual or entity to join an LLC as a member, potentially contributing capital and sharing in the profits and losses. 6. Appointing a New Member: The act of officially granting membership rights and responsibilities to a new individual or entity within an LLC. 7. Written Consent: A documented agreement, signed by the necessary parties, stating their unanimous decision and intentions regarding accepting and appointing a new member. 8. Notarization: The process of having a document officially witnessed and certified by a notary public, ensuring its authenticity and legal validity. It is worth noting that the naming conventions for different types of Unanimous Consent to Action By Sole Member of a Limited Liability Company, in Lieu of a Meeting, Accepting and Appointing a New Member may vary depending on the specific purpose or circumstances of the addition of a new member.
