Common Contracts
1 similar LLC Operating Agreement contracts
SAMPLE CLAUSES FROM AN LLC OPERATING AGREEMENTLLC Operating Agreement • November 2nd, 2019
The basic concept of the LLC in family land ownership is that all ‘owners’ are Members, and only individuals of a certain family line may become Members. Meaning that if any interests are transferred outside the family line (to creditors, third parties, etc.) the buy-sell agreement is triggered and provides an orderly scheme for consolidating interests (which requires cash, but on terms outlined below).
