Harris Texas Restated Limited Liability Company Agreement of LLC

• Category: Corporations - Business Formation
• State: Multi-State
• County: Harris
• Control #: US-ENTREP-0048-1
• Format: Word; Rich Text

Description

The term "amended and restated" is used in corporate law torefer to an agreement or other document that has been amended one or more times in the past and is presented in its entirety (restated)including all amendments to date. The Harris Texas Restated Limited Liability Company (LLC) Agreement is a legal document that outlines the formation, operation, and management of an LLC in Harris County, Texas. It serves as the foundational framework for the LLC, addressing various aspects such as ownership, financial contributions, voting rights, management structure, dissolution, and more. Keywords: Harris Texas, Restated Limited Liability Company Agreement, LLC, formation, operation, management, ownership, financial contributions, voting rights, management structure, dissolution. Types of Harris Texas Restated Limited Liability Company Agreements of LLC: 1. Articles of Organization: This is the initial document filed with the Secretary of State to formally establish the LLC. It typically includes information about the LLC's name, registered agent, purpose, capital contributions, and management structure. 2. Member Agreement: This agreement sets out the rights, responsibilities, and obligations of the LLC's members. It covers issues like profit and loss distribution, capital accounts, voting rights, restrictions on transfer of interest, and procedures for admitting new members. 3. Operating Agreement: This agreement outlines the day-to-day management and operational procedures of the LLC. It includes provisions related to decision-making, authority of managers, meetings, record-keeping, taxation, and dispute resolution. 4. Buy-Sell Agreement: This agreement establishes the process for buying or selling ownership interests in the LLC. It typically addresses situations such as a member's death, retirement, or desire to sell their interest, providing a mechanism for orderly transfer or purchase of such interests. 5. Dissolution Agreement: This agreement dictates the process for dissolving the LLC. It sets out conditions under which the LLC may be dissolved and outlines the steps to be taken, including settling debts, distributing remaining assets, and filing necessary documentation with the state authorities. These different types of agreements may be combined, modified, or restated into a single comprehensive document known as the Harris Texas Restated Limited Liability Company Agreement, tailored to the specific needs and requirements of the LLC.

The Harris Texas Restated Limited Liability Company (LLC) Agreement is a legal document that outlines the formation, operation, and management of an LLC in Harris County, Texas. It serves as the foundational framework for the LLC, addressing various aspects such as ownership, financial contributions, voting rights, management structure, dissolution, and more. Keywords: Harris Texas, Restated Limited Liability Company Agreement, LLC, formation, operation, management, ownership, financial contributions, voting rights, management structure, dissolution. Types of Harris Texas Restated Limited Liability Company Agreements of LLC: 1. Articles of Organization: This is the initial document filed with the Secretary of State to formally establish the LLC. It typically includes information about the LLC's name, registered agent, purpose, capital contributions, and management structure. 2. Member Agreement: This agreement sets out the rights, responsibilities, and obligations of the LLC's members. It covers issues like profit and loss distribution, capital accounts, voting rights, restrictions on transfer of interest, and procedures for admitting new members. 3. Operating Agreement: This agreement outlines the day-to-day management and operational procedures of the LLC. It includes provisions related to decision-making, authority of managers, meetings, record-keeping, taxation, and dispute resolution. 4. Buy-Sell Agreement: This agreement establishes the process for buying or selling ownership interests in the LLC. It typically addresses situations such as a member's death, retirement, or desire to sell their interest, providing a mechanism for orderly transfer or purchase of such interests. 5. Dissolution Agreement: This agreement dictates the process for dissolving the LLC. It sets out conditions under which the LLC may be dissolved and outlines the steps to be taken, including settling debts, distributing remaining assets, and filing necessary documentation with the state authorities. These different types of agreements may be combined, modified, or restated into a single comprehensive document known as the Harris Texas Restated Limited Liability Company Agreement, tailored to the specific needs and requirements of the LLC.