Investment Llc Operating Agreement
It is the main governing document of the llc above all others.
Investment llc operating agreement. California llc limited liability company lawyer llc attorney. Using rocket lawyer you can empower your business by making saving sharing and printing your own operating agreement. When fortress launched on the nyse on february 9 2007 it was the first large private equity firm in the united states to be traded. Edens rob kauffman and randal nardone.
The llc operating agreement sets forth the limited liability company structure. Essentially the operating agreement is a contract among the llcs members that stipulates its membership management operation and the distribution of the companys income. 22 initial capital contributions. This agreement outlines routine activities describes how disputes are resolved defines member duties and contributions and more to help your business run smoothly and conflict free.
Making your llc operating agreement is an integral part of forming your llc. The initial capital contributions of and must be paid to the company in cash immediately after all parties have signed this agreement. An llc limited liability company operating agreement allows you to structure your financial and working relationships with your co owners in a way that suits your business. Without one your business is subject to default state laws.
Fortress investment group llc was founded as a private equity firm in 1998 by wesley r. Llc operating agreement must satisfy basic requirements for economic effect irc section 704b and treasury regulations section 1704 2e1. Fortress investment group is an investment management firm based in new york city.
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