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  2. 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 ...

  3. Corporate resolution - Wikipedia

    en.wikipedia.org/wiki/Corporate_resolution

    A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]

  4. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...

  5. Deadlock provision - Wikipedia

    en.wikipedia.org/wiki/Deadlock_provision

    A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions will often depend to ...

  6. Ordinary resolution - Wikipedia

    en.wikipedia.org/wiki/Ordinary_resolution

    In business or commercial law in certain common law jurisdictions, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature.

  7. RNC member drops resolution to name Trump the GOP's ...

    www.aol.com/news/rnc-weighing-resolution-declare...

    A Republican National Committee member floated, and then withdrew, a resolution to declare former President Donald Trump the party's "presumptive" presidential nominee, a source familiar with the ...

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