The document that references the change of membership, would the following satisfy the requirement?
Title: Minutes of special Meeting of Members of (Name of LLC)
A special meeting of the members of (Name of LLC), a Texas limited liability compnay, was held on the 15th day of December 2012, at 10:00am at (Our home office),
The meeting was called to order by Clarissa Torres, the Operating Manager of the Company, and also kept the records of the meeting.
The Operating Manger (document reads "the Secretary" but since none was named in OA then okay to change to Operating Manager?) reported that members representing majority interest in the Company were present in person, the aggregate amount representing 100% percent of the membership entitled to vote.
The Operating Manager (again document refers to "the Secretary") reported that the following members were present in person:
The Operating Manager (document refers to "the Chairman") announced that there were present in person and that the meeting was legally convened and ready to proceed.
On motion duly made and seconded, and after due deliberation, the following resolution was voted upon:
RESOLVED, that (document has blank for me to fill in and along the lines of the following is what I should include here?) Father is transferring his membership interest to My husband and as such, My husband is now the sole member of the LLC and be taxed as a disregarded entity...something along that line? what would be the legal wording for that? Is this all we need to included under the "Resolved" part to the document.
A vote was taken which showed:
In Favor of Motion
My husband, representing 50% interest
Father, representing 50% interest
The Operating Manager (docuemnt refers to "the Secretary") reported taht 100% interest had been voted in favor of the foregoing resolution and 0% intrest had been voted against the resolution, said vote representing a quorum (what's this mean?) of the membership entitled to vote thereon.
The OM (docuemnt refers to "the Chairman") therupon declared taht the resolution ahd been duly adopted. (Should we included somewhere here as of what date it will be adopted? In other words, when the sole membership for my husband will become effective, for example, starting tax year 2013 January?)
There being no further business, upon motion duly made, seconded and carried the meeting was adjourned.
Dated this ___day of _______, 2012.
Document has signature line for "Secretary", this would be changed to have OM sign, right?