Texas Sole Member Llc Operating Agreement

be identical on the same line) or on separate lines? Thank you for all this information!! I can`t thank you enough for providing your expertise and providing this free and simple business agreement. This section explains how to manage financial statements, including capital and distribution accounts. At the end of each calendar year, close the books and prepare a membership statement (yes, it`s only for you, but this type of registration is important). 8.1. Authorized Assignment. The member may transfer or assign all or part of the member`s interest in the company (including in the form of a pledge or other assignment). To start creating your LLC business agreement, you just need to create a free account and get started with our business agreement tool. (b) the survival of an event that terminates the Member`s continued affiliation with the Company, unless the Member`s legal representative or successor agrees to continue to exist and appoint a successor Member in accordance with the OTO; or statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#D statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#E statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#F statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.052 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.053 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.054 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.055 3.1. Administration by members. The exclusive responsibility for the management and control of the company rests with the member. .