Let's make a LIMITED LIABILITY COMPANY OPERATING AGREEMENT together. (Presume it's a LIMITED LIABILITY COMPANY in DELAWARE) What ARTICLES would you create? (Shutting up for a while and i hope this thread goes viral).
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Harry Wombat
Thanks Tara!
Pete Daoust
:/ Art.1 Every officers, administrators, employees, agents, directors will take an oath of office that they will ALWAYS work in the best interest of the corp. And will never reveal informations regarding the corp. to anyone. Subject to a $200k fine. :P
Harry Wombat
Appreciated CAPTAIN. :D
Pete Daoust
So now, if I am an officer or whatever, and anyone needs info about the corp, these tards will need to be surety first for this $200k fine :D
Pete Daoust
Don't call me captain you stupid twit :P
Pete Daoust
The corp's informations needs the BEST protection possible. I have an oath of office with SFC Inc, and man do I am fucking cooked when questions arise from strangers :/ ....I just can't answer them, I wish I could but I can't :(
Pete Daoust
In this oath of office, I also need to make sure that I do respect the Quebec Charter entirely. CRA called once to get informations on a ex-employee, I said sure, but you'll need to guarantee to me first, in writings, that this do not violate article 5 of the Quebec Charter. As soon as I have this in writing, I'll answer all your questions :/
Pete Daoust
Guess what happened? :D
Pete Daoust
I am just doing my job in there !! :D
Pete Daoust
Agent Pete. :P
Harry Wombat
ARTICLE 1 looks is "wunderbar"....what should ARTICLE 2 be about?
Julius Cruise
This makes things a bit more clear.
Pete Daoust
I did not sectionized this shit, I just created a bunch of magical parchiaments and inserted them in the minute book :/
Pete Daoust
I invent them as it goes. The same as these pieces of shit do :P
Pete Daoust
And if one parchiament suddenly embarasses me, I fucking burn it :P
Where you want me to go? ....fuck, let it rip man :/
Pete Daoust
This stuff doesn't have to be complicated :/
Pete Daoust
You "protect" what's inside the corp. Keep this in mind.
Pete Daoust
Write EVERYTHING you want.
Harry Wombat
I am about to put "EVERYTHING" in there.
Harry Wombat
^^ in the TRUST
Pete Daoust
Why not do it NOW?
Pete Daoust
"Express" it verbally in front of three witnesses, and BINGO, it's done :D
Pete Daoust
You can always do the paperwork later on :/
Harry Wombat
I am writing the AGREEMENT for two days now. I am asking for help because I am an idiot.
Harry Wombat
with a capital I ...lol ^^ that was almost funny?
Pete Daoust
The only reason you believe that this shit has to be so complicated is because LAWYERS said so....think about it....IT IS THE MOST SIMPLE THING IN THE WORLD TO DO
Pete Daoust
You need a TRUSTEE, some beneficiaries and thre witnesses.....and the you can EXPRESS what the fuck you want in front of these witnesses....
Pete Daoust
Lawyers will be mad at me now, you realize how they charge for this thing? :/
Julius Cruise
Pete Daoust: where do I establish the trustee, beneficiaries, and witnesses when creating the corp or in the operating agreement??
Pete Daoust
:/ ?
Pete Daoust
You write it down on a piece of paper :/
Julius Cruise
:-/
Julius Cruise
Probably asking the wrong question...let me think about it
Julius Cruise
I guess my question is...when a holding company is established..how can it then be an owner of an LLC that was established before it? and the owner of the holding co. are the shareholders?? or am I completely off??
Pete Daoust
You chose the Trustee, you only need to have 100% TRUST in him/her/it
Pete Daoust
You chose the beneficiaries. That part was easy for me, I have 5 kids :P
Pete Daoust
When this is done, you GIVE shit to the TRUST
Julius Cruise
so you mean give the TRUST nothing??
Pete Daoust
Julius Cruise, do you run a business ? ....do you have shares in any businesses ? ....are you in the board of any businesses?
Julius Cruise
My wife and I are actually started an LLC early this year to learn first hand, however we are still confused by it all.
Pete Daoust
What's an LLC?
Julius Cruise
Isn't an LLC a Limited Liability Complany??
Pete Daoust
LOL :D ....do you know of a CORPORATION that is not limited liable ?
Pete Daoust
Ok, you registered a CORPORATION, right ?
Pete Daoust
Hellos!! ...I am with you now, FOCUS....
Pete Daoust
Ok, you registered a CORPORATION, right ?
Julius Cruise
Um, I think we did the wrong one
Julius Cruise
:-/
Julius Cruise
It's not incorporated
Pete Daoust
ANSWER THE QUESTION :/
Pete Daoust
What do you mean it's not INCORPORATED ? :/
Julius Cruise
ok, there were a few choices when registering; LLC S-corp, c-corp and sole prop. We registered an LLC
Pete Daoust
Ok, a LLC is a Limited Liability CORPORATION, right ? :D
Julius Cruise
Oh I see...Yes it is!
Pete Daoust
Lol....how many SHAREHOLDERS?
Erich Kirov
*facepalm*
Julius Cruise
That's what I'm confused...there are no shareholders ONLY members...are the members the shareholders then???
Pete Daoust
I don't know, I quit :/
Julius Cruise
Don't quit on me please!!! I'm helpless
Erich Kirov
Limited liability COMPANY, not corporation. LLC passes surety to members..
Pete Daoust
WHY open this? :/
Erich Kirov
Look up the LEGAL definition of COMPANY.
Erich Kirov
Now look up CORPORATION.
Erich Kirov
At no time did Scott Duncan say to register a COMPANY.
Erich Kirov
COMPANY is for tea parties.
Pete Daoust
I like better a CORPORATION :D
Erich Kirov
As you should.
Pete Daoust
In fact, these are what I run :P
Julius Cruise
Appreciate it! Erich Kirov and Pete Daoust
Erich Kirov
As you should.
Pete Daoust
I have a HOLDING Corporation, so it can HOLD stuff (shares from other corporations) I have this since 2006
Pete Daoust
I used this Holding Corp to act as TRUSTEES fro the FTP Private TRUST that was established on july the 5th 2014.
Pete Daoust
The reason why I use this HOLDING corp to act as TRUSTEE for the FTP Private Trust is because I have 100% TRUST in it :D
Julius Cruise
Wow , Now i have to take a walk. Give this some more thought.
Pete Daoust
You sure?
Erich Kirov
Scott Duncan is on discord right now. You might want to chat with him about this.
Julius Cruise
Is it common to get a headache while learning this? Shit.
Erich Kirov
It never stops, julius
Julius Cruise
I will be back guys. My brain is pounding.
Harry Wombat
Limited Liability Company :)
Tara Duncan
This thread seems unnecessarily confusing. Your statement, "Let's make a LIMITED LIABILITY COMPANY OPERATING AGREEMENT together" may be the source. It might have been better to say you want to create a legal entity (company, corporation, lemonade stand) to accomplish certain goals. The questions being asked, are being answered, but the answers appear to be perplexing. I suggest you revisit the basics. What is a company? What is a corporation? What is a trust? Why do you want to create one, or the other? What will it do? Sell things, hold things... Who will have authority to make decisions on behalf of this entity? Who will benefit, and how, from what is sold, held, or produced? If you know what you want, the process of creating, defining, and operating your legal entity should be no more difficult than following a cooking recipe. You decide what you want to make. You collect the ingredients, and then you execute the necessary tasks to produce the desired result. Idiots create companies all the time, so it isn't that difficult from a procedural standpoint. Until you understand what you want, why you want it, and what you need to accomplish, the answers to your questions, while correct, will be meaningless and confusing.
Tara Duncan
If you say you want to buy a horse, for instance, people who know about purchasing and caring for the horse will answer your individual questions. They will make certain assumptions about your unstated goals which may be unrealistic if you have no money, or live in a condo.
Pete Daoust
The reasons this HOLDING corp was created in 2006 so it can HOLDS shares of SFF Inc is because: When someone calls SFC Inc and ask to speak to the OWNER I could say something like: "Heu, I don't know what/where is it :/" or " Heu....He can't talk on the phone :/" or "Oh, which one? :/ :D
Tara Duncan
Companies/corporations are persons who can't do anything themselves. This is why you need to define what they're for, and who can act on their behalf. It is a mistake to believe you "own" a company.
Pete Daoust
Oh, .... ARE YOU THE OWNER? ME: NO !!! :/ Idiot: WHO is the OWNER Me: Which one? :/ LOL....this ALWAYS end up with a click......
Pete Daoust
Dear LAWYER, In the case no. 701-000-0000000, the Judge Sylvain Lépine told me that he will NOT reveal who the party with surety is, so I can offer a decent defence to my person :D He wants me to contact YOU, so you can defend my person, so I am contacting YOU. Do you want to come in court on august the 24th to defend my person? I have good reasons to believe that you can help me find WHERE the party with surety is, so your debt will get discharged in regards to your time/energy that you will put into this case as a PROFESSIONNAL. Thanks By: ___(signature)___ the man whos possesses the juridical personality named PIERRE DAOUST inscription 1196604112851. :D
Pete Daoust
Oh man, you guys have no ideas on what's going on in my mind, as we speak !! :D HAHAHAHAHAHAHA!!!!!........
Pete Daoust
Scott Duncan's fault :/
Daniel J Wentz
"You paid for this law, and you didn't get what you paid for" - Scott Duncan Say that in court. I'm told they really like that.
Pete Daoust
Done :)
Pete Daoust
Right before, or after I said: I AM GETTING FUCKED IN HERE
Pete Daoust
I was surprised to receive no objections to this one. I was sure they would have threat me with jail or something :/
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Harry Wombat
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Harry Wombat
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Harry Wombat
Julius Cruise
Pete Daoust
Pete Daoust
Pete Daoust
Pete Daoust
Harry Wombat
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Pete Daoust
Pete Daoust
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Harry Wombat
Harry Wombat
Pete Daoust
Pete Daoust
Pete Daoust
Harry Wombat
Harry Wombat
Pete Daoust
Pete Daoust
Pete Daoust
Julius Cruise
Pete Daoust
Pete Daoust
Julius Cruise
Julius Cruise
Julius Cruise
Pete Daoust
Pete Daoust
Pete Daoust
Julius Cruise
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Julius Cruise
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Julius Cruise
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Pete Daoust
Pete Daoust
Pete Daoust
Julius Cruise
Julius Cruise
Julius Cruise
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Pete Daoust
Julius Cruise
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Julius Cruise
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Erich Kirov
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Julius Cruise
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Erich Kirov
Erich Kirov
Erich Kirov
Erich Kirov
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Erich Kirov
Pete Daoust
Julius Cruise
Erich Kirov
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Pete Daoust
Pete Daoust
Julius Cruise
Pete Daoust
Erich Kirov
Julius Cruise
Erich Kirov
Julius Cruise
Harry Wombat
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Tara Duncan
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Tara Duncan
Pete Daoust
Pete Daoust
Pete Daoust
Pete Daoust
Daniel J Wentz
Pete Daoust
Pete Daoust
Pete Daoust