Scheduling A Meeting of the Limited Liability Company (LLC) Members
Is there a formal process for calling a meeting of the LLC Members?
Yes, there is a formal process outlined in ORS 63. A number of steps should be taken and documented in order for decisions taken at a meeting to be upheld as valid decisions of the LLC under ORS 63 and in compliance with the LLC’s Operating Agreement. The secretary should be trained in following the proper steps in calling and running the meeting.
What are the legal steps to call an LLC Member Meeting?
- Make sure that the meeting is properly noticed or that waivers of notice are signed
- Give notice with adequate time
- Give notice to all people entitled to notice
- Explain what the nature of the meeting is
- Use the proper means of service (consider certified mail)
- Provide supporting documents, proposed resolutions (for review)
- Confirm that you can hold a meeting
- Make a list of all LLC members who attend the meeting.
- Verify that the individuals or entities at the meeting have voting rights.
- Go through the process of bring resolutions for a vote, tallying and recording the resulting votes and the final approved resolutions.
Contact our law firm by CFLink or call Andrew Svitek Portland, Oregon Business Lawyer at (503) 274-9001, or Kelly O’Brien, Bend, Oregon Business Lawyer at (541) 330-9850.
We work with business owners to form or create an Oregon Limited Liability Company (LLC). Return to the Oregon Business Lawyer.