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  2. 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 ...

  3. Operating agreement - Wikipedia

    en.wikipedia.org/wiki/Operating_agreement

    An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs. In single-member LLC, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the ...

  4. Low-profit limited liability company - Wikipedia

    en.wikipedia.org/wiki/Low-profit_limited...

    Following filing, the members of the L3C must execute a formal operating agreement. In the operating agreement, L3Cs need to define its purpose per the provisions of IRS Treasury Regs.Sec.53.4944-3(a): an L3C must significantly further the accomplishment of one or more charitable purposes;

  5. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    State statutes typically provide automatic or "default" rules for how an LLC will be governed unless the operating agreement provides otherwise, as permitted by statute in the state where the LLC was organized. The limited liability company has grown to become one of the most prevalent business forms in the United States.

  6. GM to retreat from robotaxis and stop funding its Cruise ...

    www.aol.com/gm-retreat-robotaxis-stop-funding...

    An Arizona pedestrian was killed in one of the crashes. GM said it will work with Cruise’s leadership to restructure the company and refocus Cruise’s operations on driver assist systems.

  7. 2025 NFL draft order: Who owns top pick after 49ers-Rams Week ...

    www.aol.com/2025-nfl-draft-order-owns-062343670.html

    While the 49ers and Rams battled with an eye towards the playoffs, other teams are hoping to land the top draft pick in April.

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