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THIS FIRST AMENDED AND RESTATED OPERATING AGREEMENT is made and entered into effective as of October 14, 2009 by and among NAUTILUS TECHINICAL GROUP, LLC, a ... THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (the ?Agreement?), dated as of December 15, 2008, is entered into by and among FRONTIER RENEWABLE RESOURCES, ... If no protection is built into the organizational documents, the members' recourse is limited to circumstances provided under applicable state ... Imagine a member leaves the LLC and their interest is reassigned to other members?but the operating agreement is never updated. And then the business dissolves. It is possible to remove a member from an LLC without their consent, but it depends on the LLC's operating agreement. In some cases, it may not ... An LLC Operating Agreement should spell out the necessary steps for adding and removing LLC members. If there is no formal agreement, you should still document ... LLCs can expand or reasonably restrict the members' right to inspect books and records in their operating agreements. Dissenters' rights. Dissenters' rights, ... The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during ... Here are the basics every LLC owner should know about operating agreements: What is an operating agreement? An operating agreement is a key ... An LLC Operating Agreement is a legal document that outlines and clarifies the ownership and liabilities between different LLC members.

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