WebThe buy-sell agreement specifies who can buy the ownership interest, what circumstances trigger a purchase option, and how the purchase price will be set and paid, and at what interest rate. Terms of the sale and when the sale will occur are also included. Funding of the purchase can be an important consideration in drafting an agreement, and ... Web26. feb 2024. · The ownership portion of an operating agreement outlines how the LLC’s profits, losses, and assets are divided among its members. More often than not, this is contingent on the LLC structure ...
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Web(a) “Act” shall mean the Vermont Limited Liability Company Act, 11 V.S.A. §§3001-3184, as amended. (b) “Articles” shall mean the Articles of Organization as filed with the Vermont Secretary of State’s office. (c) “Agreement” means this Operating Agreement, as amended from time to time under the authority of Article 14.6. WebTHIS OPERATING AGREEMENT of Goode Family Farm LLC (the “LLC”), dated as of May 3, 2024, is among John Goode and Bea Goode (collectively, the “Members,” and individually, a “Member”). The Members, intending to form a limited liability company pursuant to the Massa-chusetts Limited Liability Company Act (the “Act”), hereby agree ... shorewood association
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