Dissolved Titan Group LLC - Liability Company (LLC) Registration

[PvM2Max]

Username: PvM2Max

Business Name Titan Group LLC

Type of Firm Liability Company (LLC)

Purpose of Business Holding company engaged in the acquisition, ownership, and management of equity interests, shares, and controlling stakes in subsidiary businesses and affiliated entities across diverse sectors within the Commonwealth of Redmont.

Management Structure Manager-managed. PvM2Max (Forum: PvM2Max) serves as the sole Manager with full authority to conduct the business and affairs of the Company, including establishing subsidiary operations, applying for government licenses, hiring employees, and making all operational decisions.

Ownership Details Single-member LLC. PvM2Max (Forum: PvM2Max) holds 100% membership interest. Admission of new members requires unanimous written consent of all existing members. Membership interests are non-transferable without prior written consent of all members.

Relevant Certificate File(s) attached

Contact Information IGN: PvM2Max | Forum: PvM2Max | Discord: PvP2Max | Registered Agent for Titan Group LLC

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

 

[EATB]

Hello @PvM2Max ,

Please include the following in the certificate of formation:

• Ownership and Management requirements - Make sure to define the rights of members or detail voting rights, whilst Article VI names the sole member, it does not outline what rights that membership entails.
• Capital Contributions - It does not specify if any initial capital was contributed, if future contributions are required, or the consequences of failing to make a required contribution.
• Profit and Loss Distribution - The document does not contain a section outlining how profits and losses will be distributed among the members.
• Transfer of Membership - The document contains a clause on the admission of new members (Article 6.2) which correctly requires unanimous consent. However, it does not clarify the process for a member to voluntarily withdraw, be removed, or transfer their membership interest to another person or entity.
• Dispute Resolution - The document does not contain any provisions for resolving disputes between members.
• Amendments - The document does not contain a section detailing the process for amending the Certificate of Formation itself. Amendments must also require at least a 50% majority.
• Dissolution - While Article VII mentions "perpetual existence... until dissolved," it does not outline a specific process for winding up or dissolving the company, as required by the policy. It merely references an external law without detailing the internal steps or vote required.

Make sure to read the Legal Entity Act and our Business Incorporation policy.

 

[PvM2Max]

Hello @PvM2Max ,

Please include the following in the certificate of formation:

• Ownership and Management requirements - Make sure to define the rights of members or detail voting rights, whilst Article VI names the sole member, it does not outline what rights that membership entails.
• Capital Contributions - It does not specify if any initial capital was contributed, if future contributions are required, or the consequences of failing to make a required contribution.
• Profit and Loss Distribution - The document does not contain a section outlining how profits and losses will be distributed among the members.
• Transfer of Membership - The document contains a clause on the admission of new members (Article 6.2) which correctly requires unanimous consent. However, it does not clarify the process for a member to voluntarily withdraw, be removed, or transfer their membership interest to another person or entity.
• Dispute Resolution - The document does not contain any provisions for resolving disputes between members.
• Amendments - The document does not contain a section detailing the process for amending the Certificate of Formation itself. Amendments must also require at least a 50% majority.
• Dissolution - While Article VII mentions "perpetual existence... until dissolved," it does not outline a specific process for winding up or dissolving the company, as required by the policy. It merely references an external law without detailing the internal steps or vote required.

Make sure to read the Legal Entity Act and our Business Incorporation policy.

Updated

 

[Dept. Commerce]

Accepted

Your Business has been filed with the DOC. Please go to the company docket and create the docket post for your company there.

It is your responsibility to keep your docket up to date. If you have any questions, feel free to open a ticket with the DOC.