fbpx

Washington DC LLC Continuing Obligations

Records

Each limited liability company shall keep following records open to inspection at its office:

  • A current list, in alphabetical order, of the full name and last known business, residence, or mailing address of each member
  • A copy of the articles of organization and the certificate of organization, and all articles of amendment and certificates of amendment thereto
  • Copies of the LLC’s federal, state, and local income tax returns and reports, if any, for the 3 most recent years
  • Copies of any effective operating agreement
  • Unless contained in an operating agreement, a writing setting out:
    • The amount of cash, if any, and a description and statement of the agreed value of the other property or services, if any, contributed by each member and which each member has agreed to contribute
    • The times at which, or events on the happening of which, any additional contributions agreed to be made by each member are to be made
    • Any right of a member to receive, or of the limited liability company to make, distributions to a member which include a return of all or any part of the member’s contribution
    • Any events upon the happening of which the limited liability company is to be dissolved and its affairs wound up

Share

Add Your Comments

Your email address will not be published. Required fields are marked *