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American Institute of CPA's on August 1, 1996. The length of the
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From the supplier: The operating agreement drafted when a limited liability company is formed must do more than ensure that the entity qualifies for federal partnership tax status. It must also address capital formation, management, member voting and rights, and dissolution issues. Distributions of income and allocation of liabilities must also be addressed. The drafters should also be aware of state limited liability company laws in any states where the entity will do business.
Citation DetailsTitle: The importance of a well-drafted LLC operating agreement. (limited liability company)
Author: Michael E. Mares
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1996
Publisher: American Institute of CPA's
Volume: 27
Issue: n8
Page: 484(4)
Distributed by Thomson Gale.
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