US Legal Forms
Localized Forms
Florida
Broward
Operating Agreement for States who have Adopted the Uniform Limited...

Broward Florida Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act

Name: Broward Florida Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
Brand: US Legal Forms
Rating: 4.83 (360 reviews)

Category:

Limited Liability Company - Operating Agreements

State:

Multi-State

County:

Broward

Control #:

US-01931BG

Format:

Instant download

Description

A Limited Liability Company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.

An LLC is formed by filing articles of organization with the secretary of state in the same type manner that articles of incorporation are filed. The articles must contain the name, purpose, duration, registered agent, and principle office of the LLC. The name of the LLC must contain the words Limited Liability Company or LLC. An LLC is a separate legal entity like a corporation.

Management of an LLC is vested in its members. An operating agreement is executed by the members and operates much the same way a partnership agreement operates. Profits and losses are shared according to the terms of the operating agreement. Broward Florida Operating Agreement: The Broward Florida Operating Agreement is a legal document designed to govern the operations of a limited liability company (LLC) that operates within the state of Florida. Specifically, it is applicable to LCS located in Broward County, which is situated in the southeastern part of the state. States adopting Uniform Limited Liability Act (UCLA) and Revised Uniform Limited Liability Act (SULLA): The Broward Florida Operating Agreement is specifically crafted for LCS operating in states that have adopted the Uniform Limited Liability Act (UCLA) or the Revised Uniform Limited Liability Act (SULLA). These acts provide a standardized set of rules and regulations that apply to LCS operating in various states across the United States. Keywords: Broward Florida Operating Agreement, limited liability company, LLC, Broward County, southeastern Florida, Uniform Limited Liability Act, UCLA, Revised Uniform Limited Liability Act, SULLA, rules and regulations, standardized set.

Broward Florida Operating Agreement: The Broward Florida Operating Agreement is a legal document designed to govern the operations of a limited liability company (LLC) that operates within the state of Florida. Specifically, it is applicable to LCS located in Broward County, which is situated in the southeastern part of the state. States adopting Uniform Limited Liability Act (UCLA) and Revised Uniform Limited Liability Act (SULLA): The Broward Florida Operating Agreement is specifically crafted for LCS operating in states that have adopted the Uniform Limited Liability Act (UCLA) or the Revised Uniform Limited Liability Act (SULLA). These acts provide a standardized set of rules and regulations that apply to LCS operating in various states across the United States. Keywords: Broward Florida Operating Agreement, limited liability company, LLC, Broward County, southeastern Florida, Uniform Limited Liability Act, UCLA, Revised Uniform Limited Liability Act, SULLA, rules and regulations, standardized set.

View Alameda Checklist - When Should You Fire an Employee

View this form

View Alameda Ways to Communicate With Your Employees

View this form

View Alameda Checklist - Ways to Communicate

View this form

View Alameda Partnership Agreement for Development of Real Property

View this form

View Alameda Sample Letter for Acceptance of Invitation to Social Event

View this form

How to fill out Broward Florida Operating Agreement For States Who Have Adopted The Uniform Limited Liability Act And The Revised Uniform Limited Liability Act?

How much time does it normally take you to draft a legal document? Since every state has its laws and regulations for every life sphere, finding a Broward Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act meeting all local requirements can be exhausting, and ordering it from a professional attorney is often costly. Numerous online services offer the most popular state-specific documents for download, but using the US Legal Forms library is most beneficial.

US Legal Forms is the most comprehensive online collection of templates, collected by states and areas of use. Apart from the Broward Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act, here you can get any specific document to run your business or personal deeds, complying with your county requirements. Professionals verify all samples for their actuality, so you can be certain to prepare your paperwork properly.

Using the service is remarkably simple. If you already have an account on the platform and your subscription is valid, you only need to log in, opt for the required form, and download it. You can pick the file in your profile at any time in the future. Otherwise, if you are new to the platform, there will be a few more actions to complete before you get your Broward Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act:

Examine the content of the page you’re on.
Read the description of the template or Preview it (if available).
Look for another document utilizing the related option in the header.
Click Buy Now when you’re certain in the chosen file.
Choose the subscription plan that suits you most.
Sign up for an account on the platform or log in to proceed to payment options.
Make a payment via PalPal or with your credit card.
Switch the file format if needed.
Click Download to save the Broward Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act.
Print the sample or use any preferred online editor to fill it out electronically.

No matter how many times you need to use the purchased template, you can locate all the samples you’ve ever downloaded in your profile by opening the My Forms tab. Try it out!

Form Rating

4.83

Satisfied(360)

Form popularity

FAQ

605.0101 - Short title.

Florida doesn't require that you have an Operating Agreement for your Limited Liability Company (LLC), but it is recommended that you have one. When setting up your company, it's beneficial to seek legal advice from a Florida LLC Business litigation attorney.

In 1977, Wyoming became the first state to enact LLC legislation: it wanted to attract capital and created the statute specifically for a Texas oil company (W.S. 1977 § 17-15-101 et seq., Laws 1977, ch. 158 § 1). Florida followed with its own LLC statute in 1982 (West's F.S.A.

It has been enacted in 19 U.S. jurisdictions: Alabama, Arizona, California, Connecticut, the District of Columbia, Florida, Idaho, Illinois, Iowa, Minnesota, Nebraska, New Jersey, North Dakota, Pennsylvania, South Dakota, Utah, Vermont, Washington, and Wyoming.

The New Act provides that a member has the power to dissociate at any time, rightfully or wrongfully, by withdrawing as a member by express will and giving notice to the LLC. Additionally, the New Act provides that certain events automatically result in a member's dissociation.

The Revised Uniform Limited Liability Company Act (RULLCA), a revision of the 1996 act, permits the formation of limited liability companies (LLCs), which provide the owners with the dual advantages of corporate-type limited liability and partnership tax treatment.

History. The first state to enact a law authorizing the creation of limited liability companies was Wyoming in 1977. The law was a project of the Hamilton Brothers Oil Company, which sought to organize its business in the United States with liability and tax advantages similar to those it had obtained in Panama.

Even though most states don't require it, you should create an operating agreement while setting up your LLC. This is an internal document that establishes how your LLC will be run, including how the LLC will be managed. In the absence of an operating agreement, state law will govern how your LLC operates.

On September 19, 2012, Governor Christie signed the Revised Uniform Limited Liability Company Act, which will become effective 180 days thereafter, on March 18, 2013, for limited liability companies (LLCs) formed after that date.

Interesting Questions

More info

Access to limited information is available through the Highlands County Public Online Court Records Search.

Broward Florida Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act

Description

Related forms

How to fill out Broward Florida Operating Agreement For States Who Have Adopted The Uniform Limited Liability Act And The Revised Uniform Limited Liability Act?

Show more info

Form Rating

Form popularity

FAQ

What Florida statute governs the LLC in Florida?

Does a Florida LLC have to have an operating agreement?

Which state passed the first Limited Liability Company LLC statute in 1977?

What states have adopted the Revised Uniform Limited Liability Company Act?

What is the California Revised Uniform Limited Liability Company Act?

What is the Revised Uniform Limited Liability Company Act?

What was the first state to allow businesses to operate limited liability companies?

What states use the Ullca?

Is required under state law to organize a limited liability company?

When did LLC start in NJ?

Interesting Questions

What is a Broward operating agreement?

Why is it important to have a Broward operating agreement?

What does the Broward operating agreement typically include?

Is a Broward operating agreement a requirement for an LLC in Broward?

Can a Broward operating agreement be modified or amended?

What happens if there is no Broward operating agreement in place?

More info

Trusted and secure by over 3 million people of the world’s leading companies