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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
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