Common Contracts

2 similar Operating Agreement contracts by Groundfloor Real Estate 1, LLC, Groundfloor Real Estate 3, LLC

AMENDED AND RESTATED OPERATING AGREEMENT OF GROUNDFLOOR REAL ESTATE 3, LLC (A Georgia Limited Liability Company) DATED: August 11, 2021
Operating Agreement • December 28th, 2021 • Groundfloor Real Estate 3, LLC • Real estate • Georgia

This AMENDED AND RESTATED OPERATING AGREEMENT (this “Agreement”) of GROUNDFLOOR REAL ESTATE 3, LLC (the “Company”), a limited liability company organized pursuant to the Georgia Limited Liability Company Act (the “Act”), is executed effective as of the date set forth on the cover page of this Agreement. Nick Bhargava is the sole member of the Company.

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OPERATING AGREEMENT OF GROUNDFLOOR REAL ESTATE 1, LLC (A Georgia Limited Liability Company) DATED: December 16, 2016
Operating Agreement • January 25th, 2017 • Groundfloor Real Estate 1, LLC • Georgia

This OPERATING AGREEMENT of GROUNDFLOOR REAL ESTATE 1, LLC (the “Company”), a limited liability company organized pursuant to the Georgia Limited Liability Company Act (the “Act”), is executed effective as of the date set forth on the cover page of this Agreement. GROUNDFLOOR FINANCE INC., a Georgia corporation (“Groundfloor Parent”), is the sole member of the Company. Solely for federal and state tax purposes and pursuant to Treasury Regulations Section 301.7701-3, Groundfloor Parent and the Company intend for the Company to be disregarded as an entity that is separate from Groundfloor Parent. For all other purposes (including, without limitation, limited liability protection for Groundfloor Parent from Company liabilities), however, Groundfloor Parent and the Company intend for the Company to be respected as a legal entity that is separate and apart from Groundfloor Parent.

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