An Entity of Type: Thing, from Named Graph: http://dbpedia.org, within Data Space: dbpedia.org

unknown

Property Value
dbo:wikiPageWikiLink
dbp:author
  • Shawn Bayern (en)
dbp:text
  • an individual member creates a member-managed LLC, filing the appropriate paperwork with the state; the individual enters into an operating agreement governing the conduct of the LLC; the operating agreement specifies that the LLC will take actions as determined by an autonomous system, specifying terms or conditions as appropriate to achieve the autonomous system’s legal goals; the sole member withdraws from the LLC, leaving the LLC without any members. The result is potentially a perpetual LLC—a new legal person—that requires no ongoing intervention from any preexisting legal person in order to maintain its status. (en)
  • Existing person P establishes member-managed LLCs A and B, with identical operating agreements both providing that the entity is controlled by an autonomous system that is not a preexisting legal person; P causes A to be admitted as a member of B and B to be admitted as a member of A; P withdraws from both entities. (en)
dbp:wikiPageUsesTemplate
dct:subject
rdfs:label
  • Algorithmic entities (en)
owl:sameAs
prov:wasDerivedFrom
foaf:isPrimaryTopicOf
is dbo:wikiPageWikiLink of
is foaf:primaryTopic of
Powered by OpenLink Virtuoso    This material is Open Knowledge     W3C Semantic Web Technology     This material is Open Knowledge    Valid XHTML + RDFa
This content was extracted from Wikipedia and is licensed under the Creative Commons Attribution-ShareAlike 4.0 International