[{"data":1,"prerenderedAt":468},["ShallowReactive",2],{"document-llc-member-removal-form-D14004":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":179,"customdescription":6,"mdFm":180,"mdProseHtml":467},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"LLC MEMBER REMOVAL FORM LLC INFORMATION Company Name: LLC Address: City, State, ZIP Code: Date of Formation: LLC Registration Number: MEMBER INFORMATION Member to be Removed: Full Name: Address: City, State, ZIP Code: Membership Interest (%): Effective Date of Removal: REASON FOR REMOVAL Select one of the following or provide an explanation. [ ] Voluntary Withdrawal [ ] Violation of Operating Agreement [ ] Involuntary Removal (Due to specific actions/inactions) [ ] Death of Member [ ] Other: MEMBER CONSENT If applicable, the removed member may acknowledge the removal. Removed Member's Signature: ____________________________ Date: __________________________________________________ REMAINING MEMBERS' CONSENT Use this section to gather signatures from the remaining members, if required by the LLC's operating agreement. Member Name: _________________________________________ Signature: _____________________________________________ Date: _________________________________________________",null,"LLC Member Removal Form","2",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/llc-member-removal-form-D14004.png","https://templates.business-in-a-box.com/imgs/250px/14004.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#14004.xml",{"title":15,"description":6},"llc member removal form",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":18,"url":19},"LLC Member Removal Form Template","https://templates.business-in-a-box.com/imgs/400px/14004.png","https://templates.business-in-a-box.com/imgs/600px/14004.png",[25,17,20],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":18,"url":19},{"label":32,"url":33},"Equity & Mergers","/templates/equity-and-mergers/",[35,39,43,47,51,55,59,63,67,71,75,79,83,99,116,131,144,160],{"label":36,"url":37,"thumb":38,"extension":10},"LLC Member Withrawal Agreement","/template/llc-member-withrawal-agreement-D13273","https://templates.business-in-a-box.com/imgs/250px/13273.png",{"label":40,"url":41,"thumb":42,"extension":10},"How To Start An LLC","/template/how-to-start-an-llc-D13349","https://templates.business-in-a-box.com/imgs/250px/13349.png",{"label":44,"url":45,"thumb":46,"extension":10},"LLC Buyout Agreement","/template/llc-buyout-agreement-D13361","https://templates.business-in-a-box.com/imgs/250px/13361.png",{"label":48,"url":49,"thumb":50,"extension":10},"LLC Investment Agreement","/template/llc-investment-agreement-D12832","https://templates.business-in-a-box.com/imgs/250px/12832.png",{"label":52,"url":53,"thumb":54,"extension":10},"LLC Operating Agreement","/template/llc-operating-agreement-D5209","https://templates.business-in-a-box.com/imgs/250px/5209.png",{"label":56,"url":57,"thumb":58,"extension":10},"LLC Membership Agreement","/template/llc-membership-agreement-D14005","https://templates.business-in-a-box.com/imgs/250px/14005.png",{"label":60,"url":61,"thumb":62,"extension":10},"California Liability Release Form","/template/california-liability-release-form-D13911","https://templates.business-in-a-box.com/imgs/250px/13911.png",{"label":64,"url":65,"thumb":66,"extension":10},"Florida Liability Waiver Form","/template/florida-liability-waiver-form-D13979","https://templates.business-in-a-box.com/imgs/250px/13979.png",{"label":68,"url":69,"thumb":70,"extension":10},"General Liability Waiver Form","/template/general-liability-waiver-form-D13981","https://templates.business-in-a-box.com/imgs/250px/13981.png",{"label":72,"url":73,"thumb":74,"extension":10},"Texas Liability Waiver Form","/template/texas-liability-waiver-form-D14074","https://templates.business-in-a-box.com/imgs/250px/14074.png",{"label":76,"url":77,"thumb":78,"extension":10},"Notifying Bank of Removal of Signing Officer","/template/notifying-bank-of-removal-of-signing-officer-D287","https://templates.business-in-a-box.com/imgs/250px/287.png",{"label":80,"url":81,"thumb":82,"extension":10},"Checklist How To Setup an LLC","/template/checklist-how-to-setup-an-llc-D12995","https://templates.business-in-a-box.com/imgs/250px/12995.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":9,"extension":10,"preview":87,"thumb":88,"svgFrame":89,"seoMetadata":90,"parents":92,"keywords":91,"url":98},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":91,"description":6},"non disclosure agreement nda",[93,95],{"label":18,"url":94},"business-legal-agreements",{"label":96,"url":97},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":100,"descriptionCustom":6,"label":101,"pages":102,"size":9,"extension":10,"preview":103,"thumb":104,"svgFrame":105,"seoMetadata":106,"parents":108,"keywords":107,"url":115},"BUY-SELL AGREEMENT This Buy-Sell Agreement (this \"Agreement\") is made and effective this [Date], BETWEEN: [COMPANY NAME], a corporation organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: Each of the Parties listed below (each a \"Shareholder\" and collectively, the \"Shareholders\"). The Shareholders desire to promote and protect their mutual interests and the interests of the Company. Therefore, the parties hereby agree as follows: ARTICLE I PARTIES AND PURPOSE PARTIES The Shareholders own all the outstanding shares (the \"Shares\") of the [COMPANY NAME] in the amount outlined below. At this time, each Shareholder's interest in the Company is as follows: __________________ owns _________________ % __________________ owns _________________ % __________________ owns _________________ % __________________ owns _________________ % While this agreement is in effect, no Shareholder shall have any right to assign, encumber or dispose of his interest in the Company except as provided herein. PURPOSE The purpose of this Agreement is to protect the Corporation's management and control from persons not acceptable to all Shareholders. The other purpose is to provide a ready market in the event of the death, disability, or lifetime transfer of Shares by a Shareholder. To this end, the Shareholders have entered into this agreement to: Restrict the transfer or sale of the Shares by the Shareholders; Ensure any sale of the Shares is in the accordance with established procedures; Provide stability and continuity in the management of the Company; Maintain ownership or control of the Company ARTICLE II SALES TRANSFER RESTRICTION ON SHARES No Shareholder (or any party acting on behalf of a Shareholder) may sell or transfer its Shares, whether owned or subsequently acquired, except in accordance with the provisions of this Agreement or with the written consent of the Company and all other Shareholders. Any attempt to sell or transfer Shares (or an interest in Shares) that contravenes the terms of this agreement is null and void and is not binding on or recognized by the Company or the Shareholders. Definition of sale or transfer. The term \"sale or transfer\" includes any sale, pledge, encumbrance, gift, bequest, or other transfer of any Shares, whether or not the transfer would be made for value, or to another Shareholder, or voluntarily or involuntarily or by operation of law, or during his lifetime or upon his death Exception. A sale or transfer of a Shareholder's Shares to a trust that is wholly revocable by that Shareholder and for which that Shareholder is the sole trustee is not a prohibited sale or transfer. However, any subsequent attempted sale or transfer by the trustee of such trust shall be subject to all of the terms of this Agreement with the Shareholder (and not the trust) deemed as the Shareholder of such Shares. Legend on share certificates. Each share certificate whether presently owned or subsequently acquired, shall have the following statement conspicuously printed on its face: \"The transfer, sale, assignment of the Shares represented by this certificate is restricted by a Buy-Sell Agreement among all the Shareholders and the Corporation dated [SPECIFY]. A copy of the Buy-Sell Agreement is available for inspection during normal business hours at the principal office of the Corporation. All the terms and provisions of the Buy-Sell Agreement are incorporated by this reference and made a part of this certificate.\" ARTICLE III VOLUNTARY TRANSFER PERMITTED SALE OR TRANSFER DURING LIFETIME Any Shareholder wishing to sell or transfer its Shares must first notify each of the other Shareholders in writing. Such Shareholder (a \"Seller\") will be deemed to have offered to sell its Shares (the \"Offering Shares\") to other Shareholders. The notice must indicate the name of the party (the \"third party purchaser\") to whom the seller wishes to sell or transfer the offered Shares and the terms of the proposed sale or transfer. First option to other Shareholders. Each of the other Shareholders will have thirty (30) days from the effective date of the notice to choose to purchase the Offered Shares in proportion to their respective ownership of all outstanding Shares (excluding the Offered Shares) or in such other proportion as the other Shareholders may agree. During this 30-day period, the other Shareholders must collectively agree to purchase all or none of the Offered Shares. If the other Shareholders exercise their call option, they must acquire the Offering Shares on the same terms as those set out in the proposed notice of sale or transfer. These conditions will be supplemented, as necessary, by the payment conditions described in Article VI below. Notice of proposed sale. Any Shareholder wishing to sell his/her Shares shall provide a Notice of Proposed Sale. The notice must specify: the name and address of each proposed transferee; the number of Shares or the interest in Shares to be transferred; the price per Share; the terms of the proposed sale, assignment, or transfer. Permitted sale or transfer to third party purchaser. When the other Shareholders do not exercise their right to purchase all the Shares offered within the 30-day period, the seller may then conclude the sale or transfer to the third-party purchaser. However, the sale or transfer must be made on the same terms and conditions as those set out in the notice to other Shareholders. In addition, the third-party buyer must agree in writing to be bound by the terms of this contract before or at the time of the sale or transfer. If the sale or transfer to the third-party acquirer is not completed within sixty (60) days of the expiry of the other Shareholder's 30-day option period, then the authorization to sell or transfer under this agreement shall be deemed to have been withdrawn as if no sale or transfer had been considered and no notice given. ARTICLE IV INVOLUNTARY TRANSFER INVOLUNTARY LIFETIME SALE OR TRANSFER Any Shareholder who holds information that could reasonably be expected to result in an involuntary lifetime sale of his or her Shares and any person or entity that has acquired or may acquire an interest in such Shares must promptly notify each of the other Shareholders in writing. The notice must describe the nature and details of the involuntary lifetime sale and must indicate the name of the party (the \"third party transferee\"). The Shareholder will be deemed to have offered to sell its Shares (the \"Offering Shares\") to other Shareholders. The following events shall each constitute an \"Involuntary\" transfer event: the death of a Shareholder; the total mental or physical disability of a Shareholder; the termination of a Shareholder's employment with [COMPANY NAME]; and the bankruptcy or insolvency of a Shareholder. First option to other Shareholders. Each of the other Shareholders will have thirty (30) days from the effective date of this notice to elect to purchase the Offered Shares in proportion to their respective ownership of all outstanding Shares (excluding the Offered Shares) or in such other proportion as the other Shareholders may agree. If the other Shareholders exercise their option to purchase some or all of the offered Shares, they must then acquire these Shares at the purchase price and on the payment, terms described in Articles VI and VII below. Permitted sale or transfer to third party transferee. If the other Shareholders do not validly exercise their option to buy all of the Offered Shares within the 30-day period, then any remaining Offered Shares may be transferred to the third-party transferee. However, the transfer must be made on the same terms and conditions as those contained in the notice to the other Shareholders","Buy Sell Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/buy-sell-agreement-D12611.png","https://templates.business-in-a-box.com/imgs/250px/12611.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12611.xml",{"title":107,"description":6},"buy sell agreement",[109,112],{"label":110,"url":111},"Finance & Accounting","finance-accounting",{"label":113,"url":114},"Buy & Sell Shares","buy-sell-shares","/template/buy-sell-agreement-D12611",{"description":117,"descriptionCustom":6,"label":118,"pages":119,"size":120,"extension":10,"preview":121,"thumb":122,"svgFrame":123,"seoMetadata":124,"parents":125,"keywords":129,"url":130},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[126],{"label":127,"url":128},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":132,"descriptionCustom":6,"label":133,"pages":86,"size":9,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":139,"keywords":142,"url":143},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":138,"description":6},"letter of intent_acquisition of business",[140,141],{"label":18,"url":94},{"label":18,"url":94},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":145,"descriptionCustom":6,"label":146,"pages":86,"size":9,"extension":10,"preview":147,"thumb":148,"svgFrame":149,"seoMetadata":150,"parents":152,"keywords":151,"url":159},"BOARD MEETING MINUTES [YOUR COMPANY NAME] Organization Name: Date: Location: Time: Board Members Present: [LIST NAMES] Board Members Absent: [LIST NAMES] Guests: List names and affiliations if any. Meeting Called to Order by: [NAME AND TIME] Approval of Previous Meeting Minutes: Motion by: [NAME] Seconded by: [NAME] Outcome: [APPROVED/AMENDED] [Agenda Item Title] Presenter: [NAME] Discussion Summary: Summarize the key points of discussion, including any differing views or debates. Action Items: Detail specific tasks decided upon, who is responsible, and any deadlines. Decisions Made: Summarize any decisions made, including vote outcomes if applicable. [Agenda Item Title] Presenter: [NAME] Discussion Summary: Summarize the key points of discussion, including any differing views or debates. Action Items: Detail specific tasks decided upon, who is responsible, and any deadlines. Decisions Made: Summarize any decisions made, including vote outcomes if applicable. Financial Report: Presented by: Summary: ","Board Meeting Minutes","https://templates.business-in-a-box.com/imgs/1000px/board-meeting-minutes-D13904.png","https://templates.business-in-a-box.com/imgs/250px/13904.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13904.xml",{"title":151,"description":6},"board meeting minutes",[153,156],{"label":154,"url":155},"Sales & Marketing","sales-marketing",{"label":157,"url":158},"Market Analysis","market-analysis","/template/board-meeting-minutes-D13904",{"description":161,"descriptionCustom":6,"label":162,"pages":163,"size":9,"extension":10,"preview":164,"thumb":165,"svgFrame":166,"seoMetadata":167,"parents":169,"keywords":177,"url":178},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: CERTIFICATE OF CORPORATE RESOLUTION Dear [Contact name], I, [NAME], secretary of [YOUR Company NAME], do hereby certify that at a duly constituted meeting of the [Directors and/or Stockholders] of the Corporation held at [Place] on [Date], it was upon motion duly made and seconded, that it be VOTED: That [Describe approved corporate action] ","Certificate of Corporate Resolution","1","https://templates.business-in-a-box.com/imgs/1000px/certificate-of-corporate-resolution-D3.png","https://templates.business-in-a-box.com/imgs/250px/3.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#3.xml",{"title":168,"description":6},"certificate of corporate resolution",[170,173,176],{"label":171,"url":172},"Business Plan Kit","business-plan-kit",{"label":174,"url":175},"Board of Directors","board-of-directors",{"label":18,"url":94},"certificate corporate resolution","/template/certificate-of-corporate-resolution-D3",false,{"seo":181,"reviewer":192,"legal_disclaimer":179,"quick_facts":196,"at_a_glance":198,"personas":202,"variants":222,"glossary":245,"fields":276,"how_to_fill":322,"common_mistakes":358,"faqs":375,"industries":400,"comparisons":417,"diy_vs_pro":430,"related_template_ids_curated":443,"schema":453,"classification":455},{"meta_title":182,"meta_description":183,"primary_keyword":15,"secondary_keywords":184},"LLC Member Removal Form Template (Free Word)","Free LLC member removal form to formally document a member's removal under your operating agreement. Captures basis, votes, effective date, and notices. Free Word and PDF download.",[185,186,187,188,189,190,191],"llc member removal template","remove member from llc form","llc member expulsion form","llc membership termination form","llc operating agreement member removal","member removal notice llc","llc member removal document",{"name":193,"credential":194,"reviewed_date":195},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":197,"legal_review_recommended":179,"signature_required":179},"easy",{"what_it_is":199,"when_you_need_it":200,"whats_inside":201},"An LLC Member Removal Form is a structured document that formally records the removal of a member from a limited liability company under the procedures set out in the operating agreement. This free Word download captures the removing member's identity, the legal basis for removal, the vote count, the effective date, and the required notices — creating a clean paper trail for company records and state filings.\n","Use it when the remaining members have voted to remove a member for cause, a buyout has been triggered, or the operating agreement's removal conditions have been met and the decision needs to be formally memorialized.\n","LLC and member identifying information, the specific basis for removal, the member vote record, the effective removal date, capital account and interest disposition notes, and a notice delivery section confirming the removed member was properly informed.\n",[203,207,211,215,218],{"title":204,"use_case":205,"icon_asset_id":206},"Managing members","Documenting a vote-approved removal to protect the LLC from later disputes","persona-small-business-owner",{"title":208,"use_case":209,"icon_asset_id":210},"Business attorneys","Supplementing an operating agreement amendment with a clean removal record","persona-attorney",{"title":212,"use_case":213,"icon_asset_id":214},"Startup co-founders","Formalizing the exit of a non-performing or departing co-founder member","persona-startup-founder",{"title":216,"use_case":217,"icon_asset_id":206},"Small business owners","Removing a silent or inactive member who no longer contributes to operations",{"title":219,"use_case":220,"icon_asset_id":221},"HR and operations managers","Coordinating paperwork when a member-employee relationship ends simultaneously","persona-operations-director",[223,227,231,235,239,241],{"situation":224,"recommended_template":225,"slug":226},"Removing a member for breach of the operating agreement","LLC Member Removal Form (For Cause)","llc-member-removal-form-D14004",{"situation":228,"recommended_template":229,"slug":230},"Member voluntarily withdrawing from the LLC","LLC Member Withdrawal Agreement","llc-member-withrawal-agreement-D13273",{"situation":232,"recommended_template":233,"slug":234},"Buying out a departing member's interest","LLC Membership Interest Purchase Agreement","llc-membership-interest-purchase-agreement-D5208",{"situation":236,"recommended_template":237,"slug":238},"Amending the operating agreement after removal","LLC Operating Agreement Amendment","llc-operating-agreement-D5209",{"situation":240,"recommended_template":52,"slug":238},"Documenting the full membership restructure post-removal",{"situation":242,"recommended_template":243,"slug":244},"Notifying the state of a membership change","Articles of Amendment (LLC)","amendment-agreement-D13872",[246,249,252,255,258,261,264,267,270,273],{"term":247,"definition":248},"Operating Agreement","The governing document of an LLC that sets out members' rights, obligations, voting procedures, and the rules for adding or removing members.",{"term":250,"definition":251},"Member","An owner of an LLC who holds a membership interest, which typically carries both economic rights (profit share) and governance rights (voting).",{"term":253,"definition":254},"Removal for Cause","Expulsion of a member based on documented grounds specified in the operating agreement, such as breach of fiduciary duty, criminal conduct, or material non-performance.",{"term":256,"definition":257},"Membership Interest","A member's ownership stake in the LLC, expressed as a percentage or unit count, representing their share of profits, losses, and distributions.",{"term":259,"definition":260},"Capital Account","An accounting record tracking each member's net contributions, allocated income or loss, and distributions — used to calculate what a departing member is owed.",{"term":262,"definition":263},"Effective Date","The specific date on which the member's removal becomes legally operative and their rights and obligations under the operating agreement cease.",{"term":265,"definition":266},"Quorum","The minimum percentage or number of member votes required to be present or participating for a removal vote to be valid under the operating agreement.",{"term":268,"definition":269},"Dissociation","The legal process by which a member ceases to be associated with an LLC — removal is one form of involuntary dissociation under most state LLC statutes.",{"term":271,"definition":272},"Buyout Provision","A clause in the operating agreement that sets the formula or process for purchasing a removed or departing member's interest at a defined price.",{"term":274,"definition":275},"Notice Period","The advance written notification required by the operating agreement or state law before a removal vote can be held or before removal becomes effective.",[277,282,287,292,297,302,307,312,317],{"name":278,"plain_english":279,"sample_language":280,"common_mistake":281},"LLC identifying information","The full legal name of the LLC, its state of formation, and its principal place of business.","[LLC LEGAL NAME], a [STATE] limited liability company, with its principal office at [ADDRESS].","Using a trade name or DBA instead of the LLC's registered legal name — any mismatch with state records can complicate amendment filings.",{"name":283,"plain_english":284,"sample_language":285,"common_mistake":286},"Removed member's details","The full legal name and current address of the member being removed, plus their membership interest percentage or unit count.","Removed Member: [MEMBER FULL LEGAL NAME], residing at [ADDRESS], holding a [X]% membership interest as of [DATE].","Recording only the member's name without their interest percentage — leaving the capital account and redistribution calculations without a clear starting point.",{"name":288,"plain_english":289,"sample_language":290,"common_mistake":291},"Basis for removal","The specific provision of the operating agreement or state statute that authorizes this removal, and a plain-language description of the grounds.","Removal is made pursuant to Section [X] of the Operating Agreement on the grounds that [MEMBER NAME] has [DESCRIPTION OF CAUSE — e.g., materially breached Section X by failing to make required capital contributions as of DATE].","Writing a vague basis such as 'conduct detrimental to the LLC' without citing the specific operating agreement section — vague grounds are the first thing challenged in a dispute.",{"name":293,"plain_english":294,"sample_language":295,"common_mistake":296},"Vote record","The date the vote was held, the members who voted, the vote tally (in favor, opposed, abstaining), and confirmation that quorum was met.","A vote was held on [DATE]. Members voting in favor: [NAMES] ([X]% of total interests). Members opposed: [NAMES]. Abstentions: [NAMES]. Quorum of [X]% was [met / not met].","Listing only the final vote count without recording which members voted which way — if the removal is challenged, the individual vote record is critical evidence.",{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Effective date of removal","The exact calendar date on which the member's rights, obligations, and interest in the LLC terminate.","The removal of [MEMBER NAME] is effective as of [DATE] at [TIME, e.g., 11:59 PM local time].","Leaving the effective date blank or writing 'immediately' — a specific date prevents disputes about when distributions, liability, and governance rights ceased.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Capital account and interest disposition","Records the removed member's capital account balance as of the effective date and describes how their membership interest will be handled — redistributed, redeemed, or offered for sale.","As of the effective date, [MEMBER NAME]'s capital account balance is $[AMOUNT]. Their [X]% membership interest shall be [redeemed by the LLC / redistributed pro-rata to remaining members / offered for purchase per Section X].","Skipping this field because a separate buyout agreement will follow — without a recorded balance on the removal date, the starting figure for any buyout negotiation becomes contested.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Outstanding obligations and indemnification","Notes any continuing obligations the removed member carries after the effective date, such as confidentiality, non-compete, or outstanding loans to the LLC.","[MEMBER NAME] remains bound by Sections [X, Y, Z] of the Operating Agreement following removal, including confidentiality obligations for [DURATION]. Outstanding loan balance owed to/from the LLC: $[AMOUNT].","Omitting this field and relying on the operating agreement alone — the form should explicitly confirm which post-removal obligations survive so there is no ambiguity in future correspondence.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Notice delivery record","Documents that written notice of the removal was delivered to the removed member — the method, date, and recipient address.","Written notice of removal was delivered to [MEMBER NAME] on [DATE] via [certified mail / email with read receipt / personal delivery] to [ADDRESS / EMAIL].","Not completing this field because the notice was delivered verbally — oral notice is typically insufficient under operating agreements and most state LLC statutes.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Remaining members' signatures","Signature lines for all remaining members (or the required majority) to confirm approval of the removal as recorded in this form.","Signed by the remaining members of [LLC NAME] as of [DATE]: [MEMBER NAME 1] _____________ [MEMBER NAME 2] _____________","Collecting only the managing member's signature when the operating agreement requires a majority or unanimous vote — an incomplete signature block undermines the validity of the entire form.",[323,328,333,338,343,348,353],{"step":324,"title":325,"description":326,"tip":327},1,"Review the operating agreement's removal provisions","Before filling in a single field, locate the exact section of your operating agreement that authorizes member removal. Note the required vote threshold, notice period, and any mandatory grounds.","Screenshot or print that section and keep it next to you while completing the form — every field should map back to a specific provision.",{"step":329,"title":330,"description":331,"tip":332},2,"Enter the LLC's legal name and the removed member's details","Use the LLC's exact registered name as it appears in your state filing, not a trade name. Record the member's full legal name and their current membership interest percentage.","Cross-reference the membership interest percentage against the most recent operating agreement amendment or membership ledger to avoid disputes about the starting figure.",{"step":334,"title":335,"description":336,"tip":337},3,"State the specific basis for removal","Cite the operating agreement section number and describe the grounds in one to two factual sentences. Avoid editorial language — record what happened, not why it was wrong.","If the removal is for cause, attach any prior written warnings or notices as exhibits referenced in this field.",{"step":339,"title":340,"description":341,"tip":342},4,"Record the vote with member-level detail","Enter the vote date, each voting member's name and position (in favor, opposed, abstaining), and confirm whether quorum was met. Express votes both as member count and as percentage of total interests.","Hold the vote in a documented meeting or via written consent — verbal votes have no evidentiary value.",{"step":344,"title":345,"description":346,"tip":347},5,"Set a specific effective date","Choose a calendar date at least as far in the future as the notice period required by your operating agreement. Enter the date and time explicitly.","An effective date of midnight or 11:59 PM avoids ambiguity about which day's distributions and obligations belong to the departing member.",{"step":349,"title":350,"description":351,"tip":352},6,"Record the capital account balance and interest disposition","Pull the removed member's capital account balance from your accounting records as of the effective date. Specify whether their interest is being redeemed, redistributed, or offered for sale per the operating agreement.","Have your accountant confirm the capital account figure before signing — errors here can translate directly into buyout disputes.",{"step":354,"title":355,"description":356,"tip":357},7,"Document notice delivery and collect signatures","Complete the notice delivery record with the method, date, and address used. Then collect signatures from all remaining members required by the operating agreement's vote threshold.","Send the removal notice via certified mail or email with a read receipt so you have documented proof of delivery if the removed member later claims they were not informed.",[359,363,367,371],{"mistake":360,"why_it_matters":361,"fix":362},"Citing vague grounds for removal","Courts and arbitrators scrutinize the stated basis — 'conduct detrimental to the company' without a specific operating agreement citation gives a removed member an easy avenue to challenge the removal's validity.","Always cite the exact section of the operating agreement that authorizes removal and describe the specific factual trigger in one or two sentences.",{"mistake":364,"why_it_matters":365,"fix":366},"Skipping the vote record detail","A simple 'unanimous vote' notation without individual member names and vote tallies fails to prove quorum was met, which is the first thing examined if the removal is contested.","Record every voting member by name, their vote, and the resulting percentage of total membership interests — attach the written consent or meeting minutes as an exhibit.",{"mistake":368,"why_it_matters":369,"fix":370},"Leaving the effective date blank or vague","An unspecified effective date creates uncertainty about when the removed member's profit rights, voting rights, and personal liability for new obligations ceased — leading to post-removal financial disputes.","Enter a specific calendar date and time; choose a date that falls at least as far out as the notice period required in your operating agreement.",{"mistake":372,"why_it_matters":373,"fix":374},"Omitting the capital account balance at removal","Without a recorded balance on the removal date, any subsequent buyout negotiation starts from a disputed number, increasing the cost and time of resolution.","Pull the exact capital account figure from your accounting system as of the effective date and enter it in the form before obtaining signatures.",[376,379,382,385,388,391,394,397],{"question":377,"answer":378},"What is an LLC member removal form?","An LLC member removal form is a structured document that formally records the removal of a member from a limited liability company under the procedures established in the operating agreement. It captures the legal basis for removal, the member vote, the effective date, and the delivery of required notices — creating a contemporaneous record that protects the LLC and its remaining members if the removal is later disputed.\n",{"question":380,"answer":381},"Can you remove a member from an LLC without their consent?","Yes, in most cases — if the operating agreement includes a removal or expulsion provision. Most well-drafted operating agreements allow removal for cause (breach of fiduciary duty, criminal conduct, material non-performance) by a defined supermajority vote of the remaining members. Removal without an operating agreement provision is more difficult and typically requires a court order. Always consult the operating agreement first and consider legal advice before proceeding.\n",{"question":383,"answer":384},"What grounds justify removing an LLC member?","Common grounds include material breach of the operating agreement, failure to make required capital contributions, conviction of a felony, gross negligence, fraud against the LLC, or any other cause specified in the operating agreement. Some agreements also permit removal without cause by a supermajority vote, subject to a buyout obligation. The form should cite the specific provision that applies.\n",{"question":386,"answer":387},"Does removing a member require amending the operating agreement?","Typically yes — the operating agreement should be amended to reflect the revised membership interest percentages among the remaining members after removal. The removal form documents the removal event itself; an LLC Operating Agreement Amendment updates the agreement to reflect the new ownership structure. Both documents together create a complete record.\n",{"question":389,"answer":390},"What happens to a removed member's ownership interest?","The operating agreement determines the outcome — common options are redemption by the LLC at a formula price, pro-rata redistribution to remaining members, or offering the interest for purchase to remaining members first. The removal form should record which disposition method applies and the capital account balance at the time of removal as the starting point for any valuation.\n",{"question":392,"answer":393},"Does the removed member need to sign the removal form?","No — this form is completed and signed by the remaining members who authorized the removal. It documents their decision and the notice delivered to the removed member. The removed member's signature is not required for the removal to be effective under most operating agreements. However, a separate buyout or settlement agreement typically does require mutual signatures.\n",{"question":395,"answer":396},"Do I need to notify the state when a member is removed?","In most states, LLCs are not required to list members in their public filings, so no state amendment is needed solely because of a membership change. However, if the removed member was listed as a manager or registered agent in your state filing, you will need to file an Articles of Amendment to update that information. Check your state's specific LLC filing requirements to be certain.\n",{"question":398,"answer":399},"Is this form legally sufficient on its own?","The form creates a clear contemporaneous record of the removal decision, vote, and notice — which is its primary purpose. For the removal to be fully operative, it must be consistent with your operating agreement's procedures and followed by an operating agreement amendment updating the membership percentages. For high-stakes removals involving significant capital accounts or disputes, review by a business attorney is advisable.\n",[401,405,409,413],{"industry":402,"icon_asset_id":403,"specifics":404},"Professional Services","industry-professional-services","Law firms, accounting practices, and consulting LLCs use this form when a partner-member leaves under a separation agreement or is removed for ethical violations.",{"industry":406,"icon_asset_id":407,"specifics":408},"Real Estate","industry-real-estate","Real estate investment LLCs frequently need member removal documentation when a passive investor fails to fund a capital call or a managing member is replaced.",{"industry":410,"icon_asset_id":411,"specifics":412},"Technology / SaaS","industry-saas","Startup LLCs use the form to remove a co-founder member whose vesting has lapsed, who has departed the company, or whose conduct has triggered cause provisions.",{"industry":414,"icon_asset_id":415,"specifics":416},"Retail and Hospitality","industry-retail","Multi-owner retail and restaurant LLCs rely on this form to document the removal of an inactive or buyout-triggered member before selling or refinancing the business.",[418,421,424,427],{"vs":237,"vs_template_id":419,"summary":420},"amendment-to-llc-operating-agreement-D14003","An operating agreement amendment updates the governing document to reflect revised membership percentages and terms after a removal. The removal form documents the removal event itself — the vote, basis, and notice. Both documents are needed: the removal form creates the record; the amendment makes the new structure official.",{"vs":52,"vs_template_id":422,"summary":423},"llc-operating-agreement-D3295","The operating agreement is the foundational governing document that establishes removal procedures in the first place. The removal form is a transactional record used when those procedures are actually invoked. You cannot use the removal form without a removal provision in your operating agreement.",{"vs":233,"vs_template_id":425,"summary":426},"D{PLACEHOLDER_ID}","A membership interest purchase agreement governs the commercial terms of buying out a departing or removed member's interest — price, payment schedule, and representations. The removal form documents the authority and process for the removal itself. The removal form typically precedes or accompanies the purchase agreement.",{"vs":428,"vs_template_id":425,"summary":429},"Member Resignation Letter","A member resignation letter records a voluntary withdrawal by the member themselves. The removal form records an involuntary removal voted on by the remaining members. They address opposite scenarios: one is self-initiated, the other is imposed. Using the wrong form for the situation creates legal ambiguity about whether the departure was voluntary or forced.",{"use_template":431,"template_plus_review":435,"custom_drafted":439},{"best_for":432,"cost":433,"time":434},"LLCs with a clear operating agreement removal provision and an uncontested, amicable member exit","Free","30 minutes",{"best_for":436,"cost":437,"time":438},"Removals involving a significant capital account balance, a disputed basis for removal, or post-removal non-compete obligations","$300–$800 (business attorney review)","1–3 days",{"best_for":440,"cost":441,"time":442},"Contested removals, litigation risk, multi-state LLCs, or removals tied to a simultaneous buyout negotiation above $100K","$1,500–$5,000+","1–3 weeks",[238,238,230,444,445,446,447,448,449,450,451,452],"non-disclosure-agreement-nda-D12692","buy-sell-agreement-D12611","independent-contractor-agreement-D160","letter-of-intent_acquisition-of-business-D5197","board-meeting-minutes-D13904","certificate-of-corporate-resolution-D3","cease-and-desist-letter-D12916","general-release-and-settlement-agreement-D12554","discounted-membership-for-employees-D637",{"emit_how_to":454,"emit_defined_term":454},true,{"primary_folder":94,"secondary_folder":456,"document_type":457,"industry":458,"business_stage":459,"tags":460,"confidence":466},"equity-and-mergers","form","general","all-stages",[461,462,463,464,465],"governance","compliance","llc","member-removal","corporate-structure",0.92,"\u003Ch2>What is an LLC Member Removal Form?\u003C/h2>\n\u003Cp>An \u003Cstrong>LLC Member Removal Form\u003C/strong> is a structured document that formally records the removal of a member from a limited liability company under the procedures established in the operating agreement. It captures the removed member's identifying information, the legal basis for removal, the vote count and quorum confirmation, the effective date, the capital account balance at departure, and proof that written notice was delivered. Unlike a simple meeting minutes entry, this form creates a standalone, self-contained record of the entire removal event — one that can be attached to an operating agreement amendment, shared with an accountant, or produced as evidence if the removal is later challenged.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>A member removal that is not properly documented exposes the LLC to reversal. Without a contemporaneous record of the vote, the stated basis, and the notice delivery, a removed member can credibly claim the procedures in the operating agreement were not followed — and courts have reinstated removed members on exactly that basis. Beyond legal risk, the capital account balance recorded at removal is the reference figure for any buyout calculation; if it is not captured on the day of removal, the number becomes a negotiation rather than a fact. This template gives managing members a complete, consistent record every time a removal is executed — protecting the LLC, the remaining members, and the integrity of the operating agreement that governs them all.\u003C/p>\n",1781185999738]