Www.icle.org
Organization Checklist for Member-Managed or Manager-Managed LLC or PLLC
Representation Ethics
← Who is your client? ________________________
← Is the engagement letter signed? yes ________ no ________
← Who is not your client? ________________________
← Has the “I don’t represent you” letter been sent? yes ________ no ________
← Are there conflicts with existing clients? yes ________ no ________
← Is it waivable? yes ________ no ________
← Has it been waived? yes ________ no ________
Form of Limited Liability Company (LLC)
← Nonprofessional LLC
← Member-managed: ________________________
← Manager-managed: ________________________
← Professional LLC
← Member-managed: ________________________
← Manager-managed: ________________________
Name of LLC
← Preferred name: ________________________
← Alternate possible names: ________________________________
← Name reservation: ________________________
← Assumed names: ________________________
Members
← Number: ________________________
← Names and addresses of initial members ________________________________
← Voting by interest or one vote per member: ________________________________
← Any nonvoting members: ________________________
← Percentage vote required: ________________________
← General rule: ________________________
← Specific actions requiring unanimous or other supermajority vote:
Amending articles and operating agreement: ________________________
Sale of all assets: ________________________
Dissolution: ________________________
Merger: ________________________
Transactions with managers or members: ________________________
Managers
← Number: ________________________
← Names and addresses of initial managers: ________________________________
← Restrictions on manager authority
← Sale of substantially all assets: ________________________________
← Transactions involving manager and LLC: ________________________________
← If multiple managers
← Percentage vote required for manager actions: ________________________
← Each manager has one vote or some other basis? ________________________
← Specific reporting requirements of managers to members? ________________________
Capitalization
← Contributions
|Member Name |Percentage Interest |Amount / Nature of Contribution |
| | | |
| | | |
| | | |
← Any loans by members
|Member Name |Loan Amount |Repayment Terms |
| | | |
| | | |
| | | |
← Securities laws
← Federal registration required? ________________________________. If not, what exemption applies? ________________________________
← State registration required? ________________________________. If not, what exemption applies? ________________________________
← Antifraud rules: disclosures to investors: ________________________________
Restrictions on Transfer of Membership Interests
← Any transfers permitted without unanimous consent? ________________________________
← To other members: ________________________________
← To a grantor trust: ________________________________
← Death or disability: mandatory or optional purchase? ________________________________
← Right of first refusal on desired transfers? ________________________________
← Life or disability insurance: any required to fund buy-out? ________________________________
Articles of Organization
← Organizer name and address: ________________________________
← Resident agent: ________________________________
← Registered office: ________________________________
← Typical optional provisions
← Management by managers: ________________________________
← Limited liability for managers/members: ________________________________
← Limitations on manager/member rights to bind the LLC: ________________________________
← Professional service description (for PLLC): ________________________________
Financial/Tax
← Accountant name and address: ________________________________
← Fiscal year: ________________________________
← Bank accounts
← Name of institution: ________________________________
← Authorized signatories: ________________________________
← Employer ID number: ________________________________
← Who will apply: ________________________________
← Information needed for application:
Address of principal place of business: ________________________________
County of business location: ________________________________
Date business started: ________________________________
Date of first wages: ________________________________
Nature of business: ________________________________
If manufacturing, principal product and raw material used: ________________________________
Peak number of employees in the next 12 months: ________________________________
Telephone number: ________________________________
← Michigan Department of Treasury and UIA registration:
← Who will file: ________________________________
← Information for filing: ________________________________
Distributions
← Distributions to pay taxes: mandatory? ________________________________
← Other distributions: mandatory in excess of operating needs or other bases? ________________________________
Operations
← Licenses: ________________________________
← Leases: ________________________________
← Bank loans: ________________________________
← Employment contracts: ________________________________
← Benefit plans: ________________________________
← Other: ________________________________
Documents
| |Needed |Completed |
|Preorganization Agreement | | |
|Articles of Organization | | |
|Actions by Organizer | | |
|Minutes of First Meeting of Organizer | | |
|Operating Agreement | | |
|Actions by Unanimous Consent of the Members/Managers | | |
|Minutes of First Meeting of Members/Managers | | |
|Employer ID No Application (Form SS-4) | | |
|Michigan Department of Treasury and UIA (Form 518) | | |
|Promissory Note | | |
|Assignment of Assets | | |
|Membership Certificates | | |
|Banking Resolutions | | |
|Employment Agreement | | |
|Lease | | |
|Prepare LLC Record Book | | |
|Annual LLC Review Memorandum | | |
|Memorandum Regarding Doing Business in the LLC Form | | |
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- https www municipalonlinepayments
- bcps org jobs
- smartcu org sign on page
- aarp org membership card registration
- free org email accounts
- hackensackumc org pay bill
- get my transcripts org from college
- bcps org community volunteer info
- my access tgh org portal
- bcps org employee self service
- intranet florida hospital org employee
- typical finance org chart