International
Legal Services
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General information
about the State |
Nicknames: Golden State, Bear Flag Republic Population: 32,609,000 (1st place) Area: 163,710 sq miles (3rd place) Admitted to Union: the 9th of September, 1850 Capital City: Sacramento (population 388,700) Other cities: Los Angeles (3,681,000), San Diego (1,197,000), San
Francisco (778,000) |
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Possible names with
example of Alpha |
Alpha Limited Liability
Company Alpha LLC Alpha Limited Liability Co. Alpha Ltd. Liability Company Alpha Ltd. Liability Co. May not contain words
«bank», «insurance», «trust», «trustee», «incorporated», «corporation», or
the abbreviations «inc.», «Corp.». |
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The minimum number of
members |
One |
Company
management
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LLC is managed by its
members unless the articles state that LLC is to be managed by one or more
managers. If not otherwise provided
in the articles or operating agreement members vote in proportion to their
right to receive profits of the LLC. Except as otherwise stated in the
articles or operating agreement, managers approve decisions by a majority
vote at a meeting. Unless otherwise stated in
the articles or operating agreement, managers are elected and removed by vote
of a majority in interest of members. Managers are elected for indefinite
term unless otherwise stated in the articles or operating agreement. When LLC has nominee
members an attorney is appointed to manage LLC on the basis of power of
attorney. As a rule, general power of attorney and a restricted one only for
the purpose to open bank account are issued by nominee members in favor of
company’ beneficial owner or authorized persons. |
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Amendments to Articles
and Operating Agreement |
Unless otherwise provided in
the articles or operating agreement, all members must agree to amend
operating agreement or the articles. |
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Withdrawal of Members |
A member may withdraw upon
giving a notice to the other members. Unless provided otherwise
in the articles or operating agreement a withdrawing member is not entitled
to a distribution, but shall have the right of a holder of an economic
interest in the LLC to receive continuing distributions. Except as provided in the
articles or operating agreement, the LLC automatically dissolves after the
dissociation of a member, unless majority of the profits and capital
interests of the remaining members vote to continue the LLC within 90 days
after dissociation of a member. |
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Annual Report |
Each company should present
annual report to the Secretary of the State due on the date of registration
of the company. |
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Taxation |
State tax treatment of the
company follows IRS classification for federal income tax. Sales tax – 6%
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