The Limited Liability Company. The Members have created a limited liability company: [NAME OF THE LLC] ("Company") and formed on the date of [FORMATION DATE] in the State of Oregon (“Governing Law”). The operations of the Company shall be governed by the laws located in the State of Governing Law and in accordance with this Agreement as follows:
The Limited Liability Company. 8 2.1 Formation; Effective Date of Agreement .................................... 8 2.2 Name ...................................................................... 8 2.3 Business Purpose .......................................................... 9 2.4 Powers .................................................................... 9 2.5 Duration .................................................................. 9 2.6 Registered Office and Registered Agent .................................... 9 2.7
The Limited Liability Company. Despite their current popularity, LLCs are a fairly recent invention. When the Bankruptcy Code was enacted in 1978, only one state (Wyoming) recognized the LLC form of entity. Xxxx X. Xxxxxxx & Xxxxxx X. Xxxxxxxxxxx, Limited Liability Company Handbook § 1:2 (rev. 2018). LLCs went on to became prevalent in business circles when the Internal Revenue Service clarified their tax treatment in 1998. Id. Currently, LLCs are a ubiquitous form of entity for businesses large and small. While many states have adopted the Uniform Limited Liability Company Act or the Revised Uniform Limited Liability Company Act, Oregon has not. Oregon’s LLC Act was passed in 1993, before the uniform acts had been promulgated.
The Limited Liability Company. 10 SECTION 2.1 Formation........................................................................ 10 SECTION 2.2 Name............................................................................. 10 SECTION 2.3 Business Purpose; Powers......................................................... 10 SECTION 2.4 Registered Office and Agent...................................................... 12 SECTION 2.5 Term............................................................................. 12 SECTION 2.6 Principal Place of Business...................................................... 12 SECTION 2.7 Title to Company Property........................................................ 12 SECTION 2.8 Business Transactions of the Members and Managers with the Company............... 12 SECTION 2.9 Fiscal Year...................................................................... 12 SECTION 2.10
The Limited Liability Company. NAME. The company shall be named LLC COMPANY NAME (the “Company”)
The Limited Liability Company. 1 1.1 Formation..................................................1 1.2 Name.......................................................1 1.3 Articles of Organization...................................1 1.4 Registered Office, Registered Agent........................2 1.5 Principal Place of Business................................2 1.6
The Limited Liability Company. NAME. The company shall be named _______________________ (the “Company”)
The Limited Liability Company. Section 2.1
The Limited Liability Company. 7 2.1 Formation; Effective Date of Agreement....................................7 2.2 Name......................................................................7 2.3 Business Purpose..........................................................7 2.4 Powers....................................................................7 2.5 Duration..................................................................7 2.6 Registered Office and Registered Agent....................................8 2.7 Principal Office..........................................................8 2.8 Title to Property; No Agency Power........................................8 2.9 Limited Liability of Members and Directors................................8
The Limited Liability Company. 8 3.1 Formation .................................................................................................................8 3.2 Name ........................................................................................................................8 3.3 Effective Date and Term; Conditions to Obligations of all Members .....................8 3.4 Registered Agent and Office....................................................................................8 3.5