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  2. Operating agreement - Wikipedia

    en.wikipedia.org/wiki/Operating_agreement

    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".

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    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]

  4. Articles of organization - Wikipedia

    en.wikipedia.org/wiki/Articles_of_Organization

    It is the Articles of Organization that establishes the power, rights, liabilities, duties, and other important obligations of LLC members. This document also establishes the obligations between LLC members. [2] Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney ...

  5. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    By agreement, if the seller finds the buyer him/herself, the seller does not have to pay a commission. Since there will be no co-operating broker involved, the property will not be listed in the MLS. Open Agency: A seller can enter into an agreement to sell their property with more than one brokerage in open agency listings.

  6. Homeowner association - Wikipedia

    en.wikipedia.org/wiki/Homeowner_association

    A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]

  7. Retail leasing - Wikipedia

    en.wikipedia.org/wiki/Retail_Leasing

    A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold ...

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