Title: Nassau New York Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company Keywords: Nassau New York, resolution, meeting, LLC members, annual disbursements, amount Introduction: In Nassau, New York, LCS (Limited Liability Companies) hold meetings to discuss various matters, including the allocation of annual disbursements to their members. This resolution is a formal agreement made by LLC members during such meetings, specifying the amount of annual disbursements to be distributed among the company's members. Let's delve into the different types of resolutions that can be formed in Nassau, New York, regarding annual disbursements' allocation. 1. Fixed Percentage Resolution: A Fixed Percentage Resolution is one of the most commonly adopted types of resolutions in Nassau, New York, LLC meetings. In this resolution, LLC members agree to distribute annual disbursements based on predetermined percentages. The distribution might reflect each member's respective ownership share or any other agreed-upon allocation ratio. 2. Equal Share Resolution: In some cases, LLC members opt for an Equal Share Resolution, where each member receives an equal amount of the annual disbursements, regardless of their ownership stake or contribution to the company. This approach fosters a sense of fairness and equality among members. 3. Performance-Based Resolution: For LCS aiming to incentivize performance and reward outstanding contributions, the Performance-Based Resolution might be utilized. This resolution specifies that annual disbursements will be determined based on the achievement of predefined goals, such as sales targets, revenue growth, or other performance metrics. 4. Capital Account Balance Resolution: In situations where LLC members prefer a resolution linked to their capital account balances, the Capital Account Balance Resolution comes into play. This resolution bases the annual disbursements on the individual capital account balances of each member, taking into consideration their initial investments and any subsequent contributions or withdrawals. 5. Employment/Workload-Based Resolution: LCS that leverage a member's level of involvement or workload within the company may opt for an Employment/Workload-Based Resolution. This resolution considers the time, effort, and responsibilities shouldered by each member, determining their annual disbursements accordingly. Conclusion: These various resolutions enable Nassau, New York LLC member meetings to effectively determine the amount and allocation methods of annual disbursements to members of the company. By carefully considering factors such as ownership share, performance, capital account balances, and workload, LCS can create fair and transparent systems to distribute annual disbursements among their members, providing incentives and ensuring the smooth operation of the company.
Nassau New York Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company
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