Appendix D. Post-Organization Memorandum (For LLC)

• Author: Jeffrey Robert Matsen
• Profession: Founder and managing partner of Matsen Voorhees Mintz LLP
• Pages: 95-97

95

APPENDIX

D

Post-Organization

Memorandum (For LLC)

Memorandum

TO:

FROM: JEFFREY R. MATSEN

DATE:

RE: POST-ORGANIZATION PROCEDURES FOR ABC123, LLC, A NEVADA LIMITED

LIABILITY COMPANY (LLC)

The legal formalities of setting up and establishing your LLC have now been completed. Your Articles of

Organization (LLC-1) have been filed in the Office of the Secretary of State of Nevada, and your Operat-

ing Agreement has been drafted and properly executed.

The transition of your business or real estate to an LLC may seem a little foreign and somewhat com-

plex to you. To facilitate this transition, we suggest that you read this Memorandum and keep it easily

accessible for future reference.

1. The Articles of Organization (LLC-1) are the essential legal document that serves as a charter from

the State of Nevada for you to operate as an LLC. They are very broad and general in nature and would

only require amendment in the event of a change of name or some form of management of the LLC.

2. The Operating Agreement sets forth the rights and duties of the Members of the LLC and pro-

vides the guidelines for its operation. It deals with capital contributions, allocations and distributions,