LLCS (BOARD-MEMBER MANAGED) OPERATING AGREEMENT INFORMED: ANNOTATED LEGAL DOCUMENTS
InFORMed Annotated Document
ITEM #:  40202018   |   PUBLISHED:  OCTOBER 30, 2017
STANDARD PRICE
$49.00
DISCOUNTS WILL BE APPLIED DURING CHECKOUT, IF APPLICABLE.

InFORMed Annotated Legal Document with eFormbook
Board-Member Managed LLC Operating Agreement

(With additional comments applicable to Member-Managed and Manager-Managed LLCs)

Prepared by J. Patrick Plunkett & Allison M. Plunkett

This InFORMed Annotated Legal Document with eFormbook is drafted by highly respected business law practitioners and designed to help attorneys in Minnesota draft business formation documents for their clients to create board-member managed LLCs. This InFORMed document was drafted to help practitioners create solid business formation documents governing the relations among members and between members and the LLC, the rights and duties of managers or governors of the LLC, activities and conduct of the LLC, and the method and conditions for amending said documents. The fully annotated form also includes optional provisions for member-managed and manager-managed LLCs, as well as drafting rational and legal authority, such as citations to primary sources of law in Minnesota like statutes and case law. 

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 the articles of incorporation and operating agreement for a Board-Member Managed LLC.

Articles of Organization

  • Article I – Name
  • Article II – Registered Office
  • Article III – Registered Agent
  • Article IV – Organizer
  • Article V – Management

Operating Agreement

  • Article I – Definitions
  • Article II – Members
  • Article III – Meetings of Members
  • Article IV – Transferable Interests
  • Article V – Disassociation of Member
  • Article VI – Board of Directors
  • Article VII – Meetings of the Board
  • Article VIII – Officers
  • Article IX – Financial and Tax Matters
  • Article X – Dissolution and Winding Up
  • Article XI – Indemnification
  • Article XII – Miscellaneous
  • Exhibit A – Members, Voting Powers, and Transferable Interests
  • Valuation Agreement

Companion eFormbook
Your annotated manual provides instructions for accessing the eFormbook.

$49

Other discounts that may apply:

Quantity discount:
Please email customerservice@minncle.org or call 800-759-8840 to inquire about bulk orders.

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!

Access the eFormbook through your account on the Minnesota CLE website under My Account > eResources & Publications.

Q.

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.

Q.

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.

Q.

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.

STANDARD PRICE
$49.00
DISCOUNTS WILL BE APPLIED DURING CHECKOUT, IF APPLICABLE.
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