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Appendix C of 2024 Model Company Agreements for Closely Held LLCs
Model Company Agreement for Single Member Limited Liability Company. This Model Agreement is Appendix C to an article by Cliff Ernst and Elizabeth S. Miller entitled Model Company Agreements for Closely Held LLCs (the “Accompanying Article”). This Model Agreement should not be considered a form to be completed by filling in the blanks. Drafters should be certain that any agreement used by them is appropriate for the particular transaction. This Model Agreement should be read together with the Accompanying Article, including the various references to the Accompanying Article throughout this Model Agreement.
Formation and Governance of LLC's An Annotated Company Agreement
An Annotated Company Agreement (Short Form)
MODEL COMPANY AGREEMENT FOR MEMBER-MANAGED, MULTI-MEMBER LIMITED LIABILITY COMPANY
MODEL COMPANY AGREEMENTS FOR SIMPLE LLCS
Texas Secretary of State reports that 84% of certificates of formation filed for domestic profit driven entities in 2016, were limited liability companies (LLC). This growth may be attributed to LLC's specific benefit of providing greater protection, control and flexibility for its owners. LLC members can establish desired provisions within the company agreement concerning management structures, economic issues and governance. The document below provides an explanation of the structure and rationale for LLC company agreement provisions and two model forms for multi-member LLCs.
Model Company Agreements
This paper was presented at the LLCs, LPs and Partnerships Seminar on July 13-14, 2017 in Austin, Texas. This paper has three appendixes, each of which has a model agreement. See below for the three example agreements.