Dart Holdings, Ltd. - Liability Company (LLC) Registration

[Dartanboy]

Username: Dartanboy

Business Name Dart Holdings, Ltd.

Type of Firm Liability Company (LLC)

Headquarters Location s087

Purpose of Business Holdings company

Management Structure Manager-managed

Ownership Details Owned solely by Dartanboy

Operating/Shareholders' Agreements File(s) attached

Contact Information Discord: dartanman
In-Game: Dartanboy
Forums: Dartanboy

By submitting this form, do you acknowledge that all information provided is truthful and accurate to the best of your knowledge? Yes

 

[Stoppers]

Username: Dartanboy

Business Name Dart Holdings, Ltd.

Type of Firm Liability Company (LLC)

Headquarters Location s087

Purpose of Business Holdings company

Management Structure Manager-managed

Ownership Details Owned solely by Dartanboy

Operating/Shareholders' Agreements File(s) attached

Contact Information Discord: dartanman
In-Game: Dartanboy
Forums: Dartanboy

By submitting this form, do you acknowledge that all information provided is truthful and accurate to the best of your knowledge? Yes

Hey Dartanboy,

Following a review of the Operating Agreement for Dart Holdings, Ltd., we have identified several areas where further clarification and detail would enhance the agreement’s comprehensiveness and legal protection. Please consider the following recommendations:

Responsibilities of the Owner: It is advised to specify the scope of the sole owner’s decision-making responsibilities, including but not limited to financial management, operational oversight, and strategic planning.

Delegation of Authority: The agreement should outline the formal process by which decision-making power may be delegated, including defining the types of decisions that may be transferred and the limits of such delegated authority.

Equity Transfer Procedures: We recommend including a detailed process for the transfer of equity, such as the requirement for written agreements, terms for valuing the equity, and any applicable restrictions on the transfer.

Governance and Operational Procedures: For clarity and consistency, the document should establish protocols for the governance of the company’s operations, including meeting schedules, voting processes, and reporting requirements.

Liability and Indemnification: It is suggested that provisions be added to protect the owner (and any delegated individuals) from personal liability in the event of legal or financial issues arising from business operations.

Amendment Clause: We recommend adding a clause to specify the process by which this agreement may be amended in the future, such as requiring written consent from relevant parties.

These changes will strengthen the agreement and better serve Dart Holdings, Ltd. We look forward to your response.

Sincerely,
Stoppers
Deputy Secretary
Department of Commerce

 

[Dartanboy]

Hey Dartanboy,

Following a review of the Operating Agreement for Dart Holdings, Ltd., we have identified several areas where further clarification and detail would enhance the agreement’s comprehensiveness and legal protection. Please consider the following recommendations:

Responsibilities of the Owner: It is advised to specify the scope of the sole owner’s decision-making responsibilities, including but not limited to financial management, operational oversight, and strategic planning.

Delegation of Authority: The agreement should outline the formal process by which decision-making power may be delegated, including defining the types of decisions that may be transferred and the limits of such delegated authority.

Equity Transfer Procedures: We recommend including a detailed process for the transfer of equity, such as the requirement for written agreements, terms for valuing the equity, and any applicable restrictions on the transfer.

Governance and Operational Procedures: For clarity and consistency, the document should establish protocols for the governance of the company’s operations, including meeting schedules, voting processes, and reporting requirements.

Liability and Indemnification: It is suggested that provisions be added to protect the owner (and any delegated individuals) from personal liability in the event of legal or financial issues arising from business operations.

Amendment Clause: We recommend adding a clause to specify the process by which this agreement may be amended in the future, such as requiring written consent from relevant parties.

These changes will strengthen the agreement and better serve Dart Holdings, Ltd. We look forward to your response.

Sincerely,
Stoppers
Deputy Secretary
Department of Commerce

Attached is the updated Operating Agreement.

 

[xSyncx]

Hi @Dartanboy sorry for the (very) late reply, finally getting on top of things. If this incorporation is still required, can you please include a clause for dispute resolution (i.e arbitration/mediation)

 

[Dartanboy]

Hi @Dartanboy sorry for the (very) late reply, finally getting on top of things. If this incorporation is still required, can you please include a clause for dispute resolution (i.e arbitration/mediation)

Actually, I'll be withdrawing this request at this time.

 

[xSyncx]

Noted