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  2. 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]

  3. 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 ...

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    合同会社 (gōdō gaisha or gōdō kaisha, "G.K.") – lit. "amalgamated company", a close corporation form similar to the American LLC, introduced in 2006 有限会社 (yūgen gaisha or yūgen kaisha, "Y.K.") – lit. "limited company", a close corporation form for smaller businesses, abolished in 2006 and replaced by G.K. above

  5. These Ohio dispensaries could be first to sell recreational ...

    www.aol.com/ohio-dispensaries-could-first-sell...

    The division began accepting applications earlier this month from medical marijuana businesses that want to participate in the adult-use market. Ohioans voted last year to legalize recreational ...

  6. Low-profit limited liability company - Wikipedia

    en.wikipedia.org/wiki/Low-profit_limited...

    It can be performed as a loan, loan guarantee, equity purchase, or another investment form so long as it achieves a charitable purchase. [36] By definition, L3Cs must outline in their operating agreements how they will meet the provisions of IRS Treasury Regs.Sec.53.4944-3(a) which indicates the requirements for PRIs.

  7. California DMV revokes operating permit for driverless car ...

    www.aol.com/news/california-dmv-revokes...

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