Maryland Resolution of Meeting of LLC Members to Set Attendance Allowance is a legal document that outlines the terms and conditions regarding the establishment of an attendance allowance for members of a Limited Liability Company (LLC) based in Maryland. This resolution is vital for maintaining transparency and ensuring fair compensation arrangements within the LLC. The attendance allowance pertains to the compensation provided to LLC members for attending meetings and actively participating in the decision-making process. By implementing this resolution, LLC members can determine the specific guidelines, limitations, and monetary value associated with the attendance allowance. Types of Maryland Resolutions of Meeting of LLC Members to Set Attendance Allowance may include: 1. Standard Attendance Allowance Resolution: This type of resolution establishes the baseline attendance allowance for all LLC members, ensuring uniform compensation for meeting attendance. 2. Tiered Attendance Allowance Resolution: In some cases, the LLC may choose to offer tiered compensation based on different levels of member participation. This resolution clarifies the criteria determining the tiers and corresponding attendance allowances. 3. Performance-Based Attendance Allowance Resolution: In certain instances, an LLC may opt for a resolution that ties the attendance allowance to specific performance metrics. This resolution sets clear objectives and deliverables that members must meet to receive the designated compensation. 4. Proportional Attendance Allowance Resolution: Instead of offering a fixed attendance allowance, an LLC may decide to compensate members in proportion to their ownership stake in the company. This resolution outlines the formula for calculating each member's allowance based on their ownership percentage. 5. Temporary Attendance Allowance Resolution: For unique circumstances, such as a short-term project or special arrangement, an LLC may need to establish a temporary attendance allowance. This resolution specifies the duration, terms, and conditions of the allowance for the specified period. In conclusion, Maryland Resolution of Meeting of LLC Members to Set Attendance Allowance is a crucial legal document that provides clarity and fairness in compensating LLC members for their participation in meetings. The types of resolutions may vary based on the specific needs and preferences of the LLC, such as standard, tiered, performance-based, proportional, or temporary attendance allowances.