Ohio Agreement to Redeem Interest of a Single Member in an LLC

State:
Multi-State
Control #:
US-00761BG
Format:
Word; 
Rich Text
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The following form is a sample of an agreement to redeem the interest of a single member in an LLC.
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FAQ

In Ohio, you're not required to have an operating agreement for your SMLLC. However, there are many reasons and advantages to having one.

Transacting Business without Registration Under the current law, an unregistered limited liability company does not owe a penalty for failing to register with the Ohio Secretary of State, but the entity is prevented from maintaining a lawsuit in Ohio.

Generally, inducing panic is a misdemeanor of the first degree. (R.C. 2917.31(C)(2).)

Taxpayer Identification Number An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN.

What Constitutes Harassment in Ohio? A credible threat of violence means intentionally saying something or acting in a way that would make someone fear for their safety or the safety of their family. Harassment can be defined as: Unlawful violence such as assault, battery, or stalking. A credible threat of violence.

While shareholders in a corporation own stock, an LLC's owners, also known as members, are assigned membership interests as an expression of their ownership stakes. A membership interest may be issued in the form of a percentage ownership interest or number of membership units.

Pursuant to Ohio Revised Code Section 1706.172(D), articles of organization delivered to the Ohio Secretary of State for filing may specify an effective time and a delayed effective date of not more than ninety days following the date of receipt by the Secretary of State.

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Ohio Agreement to Redeem Interest of a Single Member in an LLC