Holding Company Operating Agreement Template

“person”: any physical entity, entity, association, corporation (general or limited), joint venture, trust company, estate, limited liability company, limited liability company, organization without legal personality, government (or political agency or sub-direction of that company) or any other corporation or organization; Hi Leatha is not a holding company. A holding company is an entity that owns other businesses. For example, an LLC or corporation that owns another LLC or Corporation. And a holding company does not call itself to become a holding company. It is simply a holding company by nature, the assets it owns. In your case, you have an LLC that owns several properties. It`s just an LLC that owns real estate. You have registered the LLC in the right place; where the operation is settled (South Carolina). Hope that helps.

(a) Subject to and under the terms of this section 4.11, all preferred units in Series A and preferred units in Series B will be automatically converted into common units, in the choice of the majority privileged members, who will be executed or voted by the majority privileged members acting separately from all other members, according to the terms of section 5.5 of these provisions. This automatic conversion will take effect immediately after the election by the majority privileged members, unless this election sets a different date and time for this automatic conversion, in which case this automatic conversion comes into effect on the date and date set in that election by the majority privileged members. Preferred members who act, approve or vote separately from all other members in accordance with paragraph 5.5 may decide to abandon this automatic conversion at any time prior to the effectiveness of such an automatic conversion and, in this case, these automatic conversions are immediately abandoned and non-effective (subject to the right of the majority privileged members to conduct a future election in accordance with this section 4.11 (a) to automatically convert the remaining series. A Units and the B Preferred Units in Common Units Series). For example, suppose you set up a real estate broker in Miami, Florida. The designation of your company “Miami Real Estate LLC” would be ideal. With this name in mind, we go to the Florida Division of Corporation website and do a search for our desired name for our LLC. (a) Common units that some of the original common members hold at the time of this agreement will be submitted to notification in accordance with and under the terms of a written agreement to be executed and delivered by the Company and certain members of the original common member at the same time as the execution and delivery of that agreement. (a) To the extent permitted by law, no member has the right to transfer one or all of these members` units or their personal or personal interest; However, provided that a privileged member may transfer to a person one or all of the anticipated actions or any interest in the person, subject to and according to the applicable conditions and provisions of paragraphs 7.3 (b), 7.4, 7.5 and 7.6 of these provisions; (ii) a common member may delegate one or all of the common units of these common members. , to anyone connected to this common member, subject to and in accordance with the applicable provisions of Sections 7.3 (b), 7.4, 7.5 and 7.6 of these provisions, and (iii) a common member may delegate one or all units of these common members or any interest to another person with the prior written agreement of the office (the granting or withholding of consent is at the discretion of the Board of Directors) , subject to and in accordance with the provisions of Sections 7.3 (b), 7.4, 7.5 and 7.6 of these provisions.