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Lastname Laws310 Course Project Part6

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Subject
Law
School
DeVry University
Type
Homework
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Running head: LAWS Course Project part 6 1
LAWS Course Project part 6
Name
Course
Instructor’s Name
Date

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LAWS Course Project part 6 2
EZ Beginnings LLC
How will records be kept?
Keeping records in LLC ensures everything in the business is organized for the smooth
running of the company. EZ Beginnings LLC is unexceptional and would require to keep its
records for the smooth running of the firm. First, all organization and operational documents will
be kept and maintained in the corporate record book. The documents under this category will
include but not limited to original filing documents, any document from the Secretary of the
State authorizing and granting the formation of EZ Beginnings LLC, all the firm’s annual report
and fillings, the article of incorporation as well as the bylaws and the operating agreements. The
corporate book will also be used in keeping records regarding owners and contributions capital.
Finally, all the financial and tax records for the business will be kept on the financial and tax
records. These will include balance sheets and profit and loss statements.
How will major decisions be made?
As pointed out previously, the company shall be owned by shareholders based on the
number of shares. The shareholders shall elect two managers from the board of directors. The
elected managers shall make all the major decisions of the firm with the approval of a vote. The
outcomes of such decisions will then be kept as formal resolution.
How will meeting minutes be recorded?
In order to protect the business, all the meeting minutes shall be recorded. This will
ensure the proper and efficient management of the firm (Kallmuenzer & Peters, 2018). Although
our firm will not be required by law to keep its minutes, all the meeting minutes shall be
recorded and kept in a file report. Besides, to ensure the legal protection of the LLC, the meeting
minutes will be recorded and kept as formal resolution.

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Running head: LAWS Course Project part 6 1 LAWS Course Project part 6 Name Course Instructor’s Name Date LAWS Course Project part 6 2 EZ Beginnings LLC How will records be kept? Keeping records in LLC ensures everything in the business is organized for the smooth running of the company. EZ Beginnings LLC is unexceptional and would require to keep its records for the smooth running of the firm. First, all organization and operational documents will be kept and maintained in the corporate record book. The documents under this category will include but not limited to original filing documents, any document from the Secretary of the State authorizing and granting the formation of EZ Beginnings LLC, all the firm’s annual report and fillings, the article of incorporation as well as the bylaws and the operating agreements. The corporate book will also be used in keeping records regar ...
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