North Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company is a legally binding document that outlines the decision made by the members of a limited liability company (LLC) in North Dakota regarding the amount of money that will be distributed to each member as an annual disbursement. This resolution plays a crucial role in determining the financial distribution among the members and is customizable based on the unique requirements of the company. Keywords: North Dakota, Resolution, Meeting, LLC, Members, Specify, Annual Disbursements, Amount, Company. Different types of North Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company: 1. Equal distribution resolution: This type of resolution entails that all members of the LLC will receive an equal portion of the annual disbursement. It ensures fairness and an equitable distribution of profits among the members. 2. Proportional distribution resolution: This resolution is based on the members' ownership percentages or capital contributions. The disbursement amount is determined by the proportional share of each member in the company. 3. Pre-determined distribution resolution: In this type of resolution, the LLC members agree upon specific amounts for annual disbursements, irrespective of their ownership percentages or capital contributions. It allows for flexibility in determining the disbursement amounts based on factors such as seniority, role, or additional contributions made by certain members. 4. Customized allocation resolution: This resolution allows the members to set unique criteria for determining the annual disbursements. It could include a combination of factors such as ownership percentages, capital contributions, seniority, and specific roles played within the company. This type of resolution provides the most flexibility to cater to the specific needs and preferences of the LLC members. In conclusion, a North Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company is a vital document that outlines how the LLC members decide to distribute the company's profits among themselves. The types of resolutions may vary depending on whether the distribution is equal, proportional, pre-determined, or customized. It is crucial for the LLC members to carefully consider their goals and requirements while drafting and implementing this resolution.
North Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company
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