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  2. Operating agreement - Wikipedia

    en.wikipedia.org/wiki/Operating_agreement

    LLCs operating without an operating agreement are governed by the state's default rules contained in the relevant statute and developed through state court decisions. 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 ...

  3. 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 ...

  4. 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]

  5. Shotgun clause - Wikipedia

    en.wikipedia.org/wiki/Shotgun_clause

    A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...

  6. Articles of association - Wikipedia

    en.wikipedia.org/wiki/Articles_of_association

    Confidentiality and the founders' agreement with penalties for disclosure; First right of refusal for purchase rights and counter-bids by a founder. Drag-along provisions, or when the majority shareholders force a sale on the other shareholders. Determinations for the price paid for shares transferred following cessation of directorship or ...

  7. A Guide to Prenuptial Agreements in Texas - AOL

    www.aol.com/guide-prenuptial-agreements-texas...

    Texas is a community property state, which means that all assets and property either partner in a marriage acquires during the marriage is jointly owned by both spouses. Anything a partner brings ...

  8. Play Poker Texas Holdem 1 Online for Free - AOL.com

    www.aol.com/.../poker-texas-holdem-1

    Poker: Texas Hold'em (Limit) Play two face down cards and the five community cards. By Masque Publishing

  9. Buy–sell agreement - Wikipedia

    en.wikipedia.org/wiki/Buy–sell_agreement

    Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]

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