![]() ![]() Once the meeting has ended, all members present should review and sign the minutes. ![]() LLC minutes should be taken by the LLC secretary if one has been elected otherwise, any member of the LLC may take the minutes. Any changes in the LLC structure, management, or otherwise.Meeting minutes should always include the following information: When everything is in writing, especially in multiple places and forms, there is little room for misinterpretation or misrepresentation. Meeting minutes for this initial meeting will likely look a lot like the LLC's formation documents, but it is never wrong or a bad idea to over document anything when it comes to starting a business. Outlining this information will help avoid future disputes. This will help to make sure everyone is on the same page and aware of the plans, purposes, and expected life-span of the business. Multi-member LLCs will benefit from such a meeting, however, to lay out everything stated in the previously-mentioned formation documents. If the company is a single-member LLC, an initial meeting is unnecessary as there will be no one to meet with. Upon forming an LLC, the owner or owners will create articles of formation (or organization) and an operating agreement. This meeting should help to organize all aspects of the business and make some very important, initial decisions. It is a good idea to hold an initial meeting for the members of an LLC when the company is first formed. LLC minutes are very detailed notes taken during a meeting of the members (or owners) of a Limited Liability Company (LLC). ![]()
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