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An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".
It sets forth member capital contributions, ownership percentages, and management structure. Like a prenuptial agreement, an operating agreement can avoid future disputes between members by addressing buy-out rights, valuation formulas, and transfer restrictions. The written LLC operating agreement should be signed by all of its members. [22]
Printable version; In other projects Wikidata item; Appearance. ... Oklahoma. Major companies based in Oklahoma City. Expand Energy - Fortune 500 (163)
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
The office is the custodian of the Seal of Oklahoma. The Secretary of State is an ex officio member of the Oklahoma Governor's Cabinet. As required by the Oklahoma Administrative Procedures Act and Executive Order 88-16, the Secretary of State is responsible for overseeing and operating the Office of Administrative Rules (OAR). OAR files all ...
Linn Energy, Inc. was a hydrocarbon exploration company based in Houston.In 2018, the company split into Roan Resources and Riviera Resources. As of December 31, 2017, the company had 1.968 trillion cubic feet equivalent of estimated proved reserves, of which 8% were petroleum, 70% were natural gas, and 22% were natural gas liquids.
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