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Company Agreement (Single Member) (TX)

by Practical Law Corporate & Securities

Maintained | Texas

A company agreement for a single-member Texas limited liability company (LLC) drafted in accordance with the Texas Business Organizations Code (BOC) assuming a member-managed governance structure. It contains standard provisions for regulating the LLC's internal affairs, including its purpose, powers, and management by the sole member. This Standard Document also addresses financial and operational matters, such as capital contributions, taxation, and procedures for making distributions. It also covers winding up, termination, and the potential admission of additional members.

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