Maine Resignation of Operator Under Operating Agreement

State:
Multi-State
Control #:
US-OG-767
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the signing party , as of the Effective Date resigns as Operator, and relinquishes all rights and authority to act as Operator of the Contract Area under an operating agreement.

How to fill out Resignation Of Operator Under Operating Agreement?

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FAQ

Maine allows you to act as your own registered agent, but in order to this you'll have to be available at the same physical location every business day of the year. If this doesn't work for you, hiring a registered agent may be a good option.

Limited Liability Companies (Title 31, chapter 21) MLLC-1Application for Reservation of NameMLLC-6Certificate of Formation Small Business Resources Commercial Clerk and Commercial Registered Agent (CRA) SearchMLLC-6A (D)Restated Certificate of FormationMLLC-9 (D)Certificate of AmendmentMLLC-10Statement of Merger27 more rows

Although LLCs in Maine are not required to have a limited liability company operating agreement, it is wise to have one in place with other members should your LLC have more than one member. The State of Maine recognizes limited liability company operating agreements as governing documents.

Yes. Unlike most states?in which an operating agreement is encouraged but not required?Maine's statutes clearly state that ?a limited liability company agreement must be entered into or otherwise existing? before an LLC can be formed. (A ?company agreement? is the same thing as an operating agreement.)

Maine's state fee to start an LLC is $175. Every year you own your Maine LLC, you'll also have to pay $85 to file an annual report.

To dissolve/cancel your LLC in Maine, submit form MLLC-11C, Certificate of Cancellation, including the completed Filer Contact Cover Letter, to the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). The Certificate of Cancellation form is available on the Maine SOS website.

You must assign a Registered Agent when you first register and formally form your Maine business with the SOS, Bureau of Corporations, Elections, and Commissions. You can change your agent afterward by filing the correct form. If you form your business through Incfile, we'll file all the necessary forms on your behalf.

Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...

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Maine Resignation of Operator Under Operating Agreement