Fulton Georgia Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company: A Fulton Georgia Resolution of Meeting of LLC Members is a formal document that outlines the decisions made during a meeting of members of a Limited Liability Company (LLC) regarding the amount of annual disbursements to be given to the company's members. This resolution is crucial in determining how much money will be distributed amongst the LLC members as profits or returns on investment. The LLC members in Fulton, Georgia, hold meetings to discuss and decide upon the annual disbursement amounts. These meetings serve as a platform for members to evaluate the financial status of the company and make informed decisions regarding the distribution of profits. The resolution specifies the exact amount or a range within which the disbursements will fall. The Fulton Georgia Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company can further be categorized into different types based on the nature of the decisions made. Some of these types include: 1. Fixed Amount Resolution: This type of resolution establishes a specific amount that will be given to each LLC member as an annual disbursement. The fixed amount may be a predetermined percentage of the company's profits or a set monetary value. 2. Percentage-based Resolution: Under this type of resolution, the amount of annual disbursement is calculated as a percentage of the company's profits. The percentage may vary depending on the member's investment, ownership stake, or other factors. 3. Tiered Resolution: A tiered resolution means that the annual disbursements are divided into different levels or tiers. Each tier represents a different range of profits, and the disbursement amount varies accordingly. This type of resolution ensures equitable distribution, where members with higher investments or seniority may receive larger disbursements. 4. Varying Disbursement Resolution: In certain circumstances, LLC members may decide to allocate different disbursement amounts based on individual member's contributions, roles within the company, or other factors deemed relevant. This resolution allows for a more customized approach to disbursement allocation. By having a Fulton Georgia Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company, the LLC ensures transparency, clarity, and fairness in distributing profits amongst its members. This document serves as a legally recognized proof of the members' decisions and provides a framework for financial planning and decision-making within the company.