A Nevada Operating Agreement is a legal document that outlines the operating procedures and governance of a limited liability company (LLC) based in the state of Nevada. It serves as a contract between the members of an LLC, specifying their rights, responsibilities, and the distribution of profits and losses. NBC Internet, Inc. and Velocity, Inc. are two companies that have entered into such an agreement. The Nevada Operating Agreement between NBC Internet, Inc. and Velocity, Inc. can be customized based on the specific needs and goals of these companies. While there may not be different types of agreements specifically between these two entities, variations can exist depending on the nature of the business and the desired provisions included within the agreement. Some relevant keywords that can be associated with the Nevada Operating Agreement between NBC Internet, Inc. and Velocity, Inc. may include: 1. Limited Liability Company (LLC): Referring to the business structure chosen by the companies involved, providing personal liability protection to its members. 2. Governance: Outlining the decision-making processes, voting rights, and management structure within the agreement. 3. Operating Procedures: Defining the procedures and guidelines for day-to-day operations, including financial management, record-keeping, and member meetings. 4. Capital Contributions: Detailing the agreed-upon capital contributions made by each member, determining ownership percentages and initial investments. 5. Profits and Losses Distribution: Specifying how profits and losses are allocated among the members, which can be based on ownership percentages or other agreed-upon methods. 6. Rights and Responsibilities: Enumerating the rights and responsibilities of each member, including decision-making authority, managerial roles, and obligations towards the LLC. 7. Dissolution and Termination: Addressing the steps to be taken in case of dissolution, bankruptcy, or when a member wants to withdraw or sell their interest. 8. Non-Compete and Non-Disclosure Agreements: Including provisions to prevent members from engaging in competition or disclosing sensitive or confidential information, protecting the interests of both entities. 9. Dispute Resolution: Establishing mechanisms to resolve disputes, such as arbitration or mediation, which can save costs and avoid litigation. 10. Amendments and Modifications: Addressing how the agreement can be amended or modified in the future, requiring agreement from all members or based on specific conditions. While these keywords provide an overview of relevant terms associated with a Nevada Operating Agreement, it is important to note that the specific content of the agreement will vary depending on the needs and objectives of NBC Internet, Inc. and Velocity, Inc., as well as the legal advice of their respective attorneys.
Nevada Operating Agreement between NBC Internet, Inc. and Telocity, Inc.
Description
How to fill out Operating Agreement Between NBC Internet, Inc. And Telocity, Inc.?
You may invest hours online looking for the authorized file design which fits the federal and state requirements you require. US Legal Forms offers a large number of authorized kinds that are analyzed by experts. It is possible to acquire or printing the Nevada Operating Agreement between NBC Internet, Inc. and Telocity, Inc. from the support.
If you already possess a US Legal Forms account, you are able to log in and then click the Acquire key. After that, you are able to comprehensive, modify, printing, or signal the Nevada Operating Agreement between NBC Internet, Inc. and Telocity, Inc.. Each authorized file design you purchase is your own for a long time. To have an additional backup of the obtained develop, visit the My Forms tab and then click the related key.
If you use the US Legal Forms website for the first time, follow the simple recommendations listed below:
- First, be sure that you have chosen the right file design for your county/metropolis of your choosing. Read the develop description to make sure you have chosen the right develop. If available, make use of the Review key to check through the file design also.
- If you wish to get an additional variation from the develop, make use of the Search discipline to get the design that suits you and requirements.
- Upon having found the design you want, click Purchase now to carry on.
- Select the prices prepare you want, enter your credentials, and register for your account on US Legal Forms.
- Complete the transaction. You may use your credit card or PayPal account to pay for the authorized develop.
- Select the file format from the file and acquire it to the device.
- Make adjustments to the file if necessary. You may comprehensive, modify and signal and printing Nevada Operating Agreement between NBC Internet, Inc. and Telocity, Inc..
Acquire and printing a large number of file templates using the US Legal Forms site, which provides the most important variety of authorized kinds. Use specialist and status-particular templates to tackle your organization or specific requires.
Form popularity
FAQ
There are quite a few advantages to forming a Nevada LLC, which is why many entrepreneurs pick an LLC. For many small business owners, the biggest draw to Nevada is the lack of state income taxes and minimal franchise taxes. For many businesses, that tax advantage outweighs the annual business license fee.
Annual report and business license requirement. Nevada requires LLCs to file an Annual List of Members/Managers and Business License. It is due by the last day of the month marking the LLC's incorporation anniversary. The filing fee is $150 for the Annual List and $200 for the business license registration.
The Nevada Limited Liability Company Act outlines the filing requirements for forming an LLC in the state of Nevada. Under this act, an LLC must file articles of organization with the Nevada Secretary of State to conduct business as an independent legal entity.
Name your Nevada LLC. You'll need to choose a name to include in your articles before you can register your LLC. ... Choose your registered agent. ... Prepare and file articles of organization. ... Receive a certificate from the state. ... Create an operating agreement. ... Get an Employer Identification Number.
No, Operating Agreements are not legally required in Nevada. ing to the Nevada Revised Statutes (NRS) 86.286 Operating Agreement clause, ?A limited-liability company may, but is not required to, adopt an operating agreement.?