Fill and Sign the How to Form an Llc in Mississippinolo

- 1 - SINGLE-MEMBER OPERATING ARRANGEMENT OF _______________________________ LIMITED LIABILITY COMPANY STATE OF MISSISSIPPI THIS OPERATING ARRANGEMENT is hereby established, this the _____ day of ______________, 20___, by _____________________________________ the Initial Member. The Initial Member contemplates that additional Members may join the limited liability company in the future, and the following Operating Arrangement has therefore been developed. ARTICLE I FORMATION OF LIMITED LIABILITY COMPANY 1. Formation of LLC. The Initial Member has formed a limited liability company in the State of Mississippi named ___________________________________________________ ("LLC"). The operation of the LLC shall be governed by the terms of this Arrangement and the applicable laws of the State of Mississippi relating to the formation, operation and taxation of a LLC. To the extent permitted by law, the terms and provisions of this Arrangement shall control if there is a conflict between state law and this Arrangement. The LLC shall be taxed as a sole proprietorship until and unless additional Members are added, after which the LLC will be taxed as a partnership. Any provisions of this Arrangement that may cause the LLC not to be taxed as a sole proprietorship or partnership shall be inoperative. 2. Certificate of Formation. The Initial Member has caused to be filed a Certificate of Formation, (“Certificate”) of record with the state, thereby creating the LLC. 3. Business. The business of the LLC shall be: a) _________________________________________________________ __________________________________________________________________________________________________________________ andb) To conduct or promote any lawful businesses or purposes that a limited liability company is legally allowed to conduct or promote, within this state or any other jurisdiction. 4. Registere
Agent. The initial member has caused a legal agent, authorized by the initial member for service of process, to be duly appointed, qualified and designated. The agent shall represent the LLC as follows: 5. Name of llc. The name of the LLC is, (the name of the llc may be changed from time to time, but generally will remain the same). 6. Secretary and registered office address. The LLC shall keep at all times for filing with the Secretary of State's office and shall maintain a duly licensed registered agent and an office to be known as a registered office. 7. Contact person. The initial member shall be the secretary and authorized registered agent of the LLC. The initial member has been authorized by and has been appointed the president and sole member of the LLC, in consultation with the corporate management of the LLC. The initial member shall not be a director of the LLC, nor an employee of the llc, nor a holder of the privilege of an officer or director or be in any other manner responsible, directly or indirectly in any way, for the management of the LLC, of the affairs of the llc or of the properties of the LLC. The initial member shall not be responsible for any acts of the LLC by any person other than himself, other than acting as an initial member and as authorized by the LLC. 8. Articles of organization. Every limited liability company created by this article must be organized and operated as a sole proprietorship. Each director and officer of a limited liability company or member of the initial membership of a limited liability company must be a director or officer of a sole proprietorship at the time of his or her appointment by the limited liability company and, as such, must be an initial member of the LLC. Each member of a limited liability company shall be liable on behalf of the LLC and in his or her own name for the debts and other liabilities of the LLC and, as such, may be personally liable for such acts of the LLC as are performed by, or in the management of the LLC. 9. Voting by initial members. Members shall be entitled to vote at meetings of the members of the LLC as to the election of directors to the LLC and the approval of other matters upon the written consent of at least one member of the LLC. A member of a limited liability company may be removed by an initial member, (the initial member may remove a member (other than a director) by written notice mailed by certified mail, return receipt requested, at such address, including the street address, as set forth.