Operating Agreement And Resolution

However, it is allowed to have other voting shares. The corporate agreement is used to document any changes made by LLC members to the requirements for voting on topics. This document is submitted to the Secretary of State in which the LLC was created. It also sets the rules for voting and the day-to-day operation of the company. An LLC resolution is not a complicated document. A decision must contain only a statement of the subject on which the members of the company are to be put to the vote. For example, if there is a proposal to buy a property, the decision identifies the property and the sale price. A banking decision usually contains the name and address of the LLC, as well as submitted and approved with the state.