District of Columbia Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company

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US-214LLC
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This form is a Resolution of Meeting of LLC Members to specify the amount of annual dispusrements to members of the company.

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FAQ

What Are Shares? Shares are units of equity ownership in a corporation.

There are three primary methods of dividing a corporation tax-free: (1) spin-off, (2) split-off, and (3) split-up.

Ownership in a corporation is represented by stock certificates, which is why the owners are called stockholders.

Explanation: Articles of incorporation must contain (1) the name of the corporation, (2) the number of authorized shares, (3) the address of the initial registered office of the corporation, (4) the name of its first registered agent at that address, and (5) the names and addresses of the incorporators.

Broadly, articles of incorporation should include the company's name, type of corporate structure, and number and type of authorized shares. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business.

Corporations acquire their capital by issuing shares of stock; these are the units into which corporations divide their ownership. Investors buy shares of stock in a corporation for two basic reasons.

O The names of the initial members of the board of directors (D.C. law provides that a nonprofit corporation must have a minimum of three directors);

What must be included in articles of incorporation?the corporation's name and business address.the number of authorized shares and the par value (if any) of the shares.the name and address of the in-state registered agent.the names and addresses of its incorporators.

There are two kinds: limited partnerships and limited liability partnerships. A limited partnership has one partner with unlimited liability while everyone else involved has limited liability.

Cost to Form an LLC in the Washington D.C. The cost to start a Washington D.C. limited liability company (LLC) online is $220. This fee is paid to the Washington D.C. Department of Consumer and Regulatory Affairs when filing the LLC's Articles of Organization.

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District of Columbia Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company