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California Two Member Llc Operating Agreement
If you attempt to submit your operating agreement with the CA Secretary of State, it will be returned to you unfiled. Company unless such liquidation is required to satisfy the liabilities of Company. Drafting Considerations Under RULLCA TroyGould.
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However, each Member will be reimbursed for reasonable expenses incurred in connection with Company operations, subject to any employment agreement the Member may have, if any.
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Practitioners should consider the advisability of obtaining a written record of any authorization, although such authorization is often implied by execution of the limited liability company agreement ratifying or authorizing the filing.
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