New Mexico Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company is an important document that outlines the agreed-upon amount of annual disbursements to be distributed to members of an LLC in the state of New Mexico. This resolution serves as a legally-binding agreement among the LLC members and ensures the fair distribution of company profits. Keywords: New Mexico, resolution, meeting, LLC members, annual disbursements, members of the company. There are two main types of New Mexico Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company: 1. Single Member LLC Resolution: This type of resolution is applicable to LCS with only one member. In this case, the single member has the authority to determine and specify the amount of annual disbursements. The resolution will outline the member's decision and ensure it is carried out accordingly. 2. Multi-Member LLC Resolution: This type of resolution is applicable to LCS with multiple members. It involves a meeting where all the members discuss and collectively determine the amount of annual disbursements to be distributed. The resolution will document the agreed-upon amount and serve as a reference for future disbursements. The New Mexico Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company typically includes the following details: 1. Title: The resolution will have a clear title specifying its purpose, such as "Resolution to Specify Annual Disbursements to LLC Members." 2. LLC Information: It will provide the full legal name of the LLC, its registered address, and any other relevant identification details. 3. Meeting Details: The resolution will state the date, time, and location of the meeting where the members discussed and decided on the annual disbursements. 4. Attendees: The names and titles of all members present at the meeting will be listed to demonstrate that the resolution was properly deliberated. 5. Resolution Statement: This section will outline the agreed-upon amount of annual disbursements to be distributed among LLC members. It will specify the precise amount or a formula for calculation, if applicable. 6. Effective Date: The resolution will establish the effective date from which the specified amount of annual disbursements will come into effect. This could be the date of the meeting or any other predetermined date agreed upon by the members. 7. Signatures: The resolution must be signed by all members at the meeting to indicate their agreement and compliance with the determined amount of annual disbursements. It is important to understand that the specific content and structure of the New Mexico Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company may vary depending on the LLC's operating agreement and the preferences of its members. It is advisable to consult with an attorney or legal professional to draft a resolution that meets the unique requirements of your LLC.
New Mexico Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company
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