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Because an LLC is a separate entity, the owners of the company have limited liability. This is one of the most important benefits to operating as a limited liability company. Limited liability means that the individual assets of LLC members cannot be used to satisfy the LLCs debts and obligations.
An LLC has pros such as flow-through taxation and limited liability protection. However, there are also disadvantages such as the legal process of piercing the corporate veil and being forced to dissolve the LLC if a member leaves.
Written Consent means a signed form with the customers signature received by the Company through mail, facsimile, or email. A customer may also digitally sign a form that is transmitted to the Company.
Shareholder action by written consent refers to corporate shareholders right to act by written consent instead of a meeting. This type of consent avoids some of the negative characteristics of shareholder meetings.
This Standard Document approves, adopts, and authorizes organizing actions of the LLC, such as ratifying actions of the organizer, adopting the operating agreement, electing the initial officers, and authorizing the opening of bank accounts.
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A form of written consent to be used when the sole member of a limited liability company (LLC) is taking action to authorize the LLC to enter into a loan transaction. This Standard Document has integrated notes with important explanations and drafting tips.
: a document giving permission. We need written consent before we can publish the photograph.
Generally, written consents are used when all members agree on the action being taken. More helpful information about using consent forms can be found in Your Limited Liability Company.

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