This InFORMed Annotated Legal Document with eFormbook is intended for use with a multi-member limited liability company with management concentrated in a single individual or entity, similar to a general partner in a limited partnership. In general, this agreement is very “management friendly.” The biggest benefit of having a manager-managed LLC is that a manager does not have to be an owner. When working with clients that have silent investors, an investor that is not going to be a part of the day-to-day running of the LLC, or where there are multiple owners and one or more do not work at the LLC, practitioners and their clients may want to consider the Manager-Managed LLC model.
The companion eFormbook provides an electronic version that practitioners can download and use to get started. It's a valuable resource to begin the process of drafting an operating agreement for a Manager-Managed LLC.
Your annotated manual provides instructions for accessing the eFormbook.
InFORMed Annotated Legal Documents are expertly drafted legal forms and documents containing annotations and helpful commentary by expert attorneys. You'll receive drafting rationales and insights from the author, along with practice tips and citations to pertinent authority. Checklists and sample language also may be provided.
Each InFORMed Annotated Legal Document comes with a companion eFormbook which is accessible through your account on the Minnesota CLE website. The eFormbook contains the unannotated version of the documents included in the manual. Don’t scan or retype the documents found in the annotated manual – save time by simply downloading the documents and fine-tuning them to suit your needs!
Once I’ve purchased an InFORMed Annotated Document that includes an eFormbook, how do I access it?
Access the eFormbook through your account on the Minnesota CLE website under My Account > eResources & Publications.
Will I always have access to my InFORMed eFormbook?
Yes, you will always have access to the eFormbook. Even if we publish an updated InFORMed book, you will still have access to the eFormbook you purchased originally. If you purchase the updated InFORMed Annotated Document, you will have access to the most up-to-date eFormbook.
Can I download the forms in my eFormbook?
Yes, and we recommend that you download all of the forms in your eFormbook so you can use them without Internet access.