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Asset Protection LLC Operating Agreement
"Need an Asset Protection LLC Operating Agreement for our family-owned real estate company in Singapore, with specific provisions for protecting multiple properties and ensuring smooth succession planning between tHRee generations of family members, to be implemented by March 2025."
1. Parties: Identifies all members/parties to the agreement
2. Background: Context and purpose of establishing the asset protection structure
3. Definitions: Key terms used tHRoughout the agreement
4. Formation and Name: Details of entity formation and chosen business name
5. Capital Contributions: Initial and ongoing capital requirements
6. Management Structure: Governance and decision-making framework
7. Asset Protection Provisions: Specific measures for protecting assets
8. Profit Distribution: Rules for distributing profits and losses
1. Buy-Sell Provisions: Rules for ownership transfers when multiple members are involved
2. Succession Planning: Provisions for business continuation, particularly relevant for family businesses or long-term planning
3. International Operations: Rules for foreign operations when business operates across borders
1. Schedule A - Member Information: Details of all members including ownership percentages
2. Schedule B - Protected Assets: List and description of assets under protection
3. Schedule C - Capital Contributions: Detailed breakdown of initial capital contributions
4. Appendix 1 - Management Procedures: Detailed operational procedures and protocols
5. Appendix 2 - Valuation Methods: Agreed methods for business/asset valuation
Authors
Applicable Law
Asset Protection Manager
Assets Under Protection
Authorized Representative
Business Day
Capital Account
Capital Contribution
Company
Confidential Information
Corporate Secretary
Default Event
Distributable Profits
Effective Date
Encumbrance
Financial Year
Governing Law
Initial Capital
Insolvency Event
Management Committee
Member
Membership Interest
Operating Procedures
Ownership Percentage
Protected Assets Register
Regulatory Authority
Related Party
Reserved Matters
Resolution
SGCT
Share
Singapore Dollar
Special Resolution
Transfer
Transferee
Transferor
Trigger Event
Trust Property
Unanimous Resolution
Valuation Date
Capital Contributions
Membership Interests
Asset Protection
Management Structure
Voting Rights
Transfer Restrictions
Profit Distribution
Asset Segregation
Confidentiality
Operational Management
Decision Making
Financial Management
Books and Records
Tax Matters
Indemnification
Insurance
Dispute Resolution
Amendments
Termination
Buy-Sell Provisions
Succession Planning
Default Events
Valuation
Fiduciary Duties
Asset Register Maintenance
Meetings and Notices
Compliance Requirements
Force Majeure
Governing Law
Assignment
Severability
Entire Agreement
Notices
Third-Party Rights
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