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IBC TRUST SERVICE A division of International Bank of Chicago 5069 N. Broadway, Chicago, IL 60640 Tel: (773) 7692899 Fax: (773) 7692686 LLC/LP Managing Agent Agreement For good and valuable consideration,

How to fill out llc-lp managing agent agreementdoc

How to fill out an LLC-LP managing agent agreement document:

1. Start by gathering all the necessary information and documents. You will need the names and addresses of both the LLC and LP entities involved, as well as the names and addresses of the managing agents.
2. Begin by filling out the heading of the agreement document. Include the title "LLC-LP Managing Agent Agreement" and the effective date of the agreement.
3. Identify the parties involved in the agreement. Clearly state the names and addresses of both the LLC and LP entities, as well as the managing agents.
4. Define the scope of the managing agent's responsibilities. Describe in detail the tasks and duties that the managing agent is expected to perform on behalf of both the LLC and LP entities. Include any specific requirements or benchmarks that must be met.
5. Specify the term of the agreement. Clearly state the duration of the managing agent's appointment, including the start and end dates. If there are any renewal or termination provisions, make sure to include them as well.
6. Address the compensation and expenses of the managing agent. Clearly outline how the managing agent will be compensated, whether it be a fixed fee, a percentage of profits, or another arrangement. Include any provisions for reimbursing the managing agent for reasonable and necessary expenses incurred while performing their duties.
7. Include any confidentiality or non-disclosure provisions if necessary. If the managing agent will have access to sensitive or confidential information, ensure that there are provisions in place to protect this information from being disclosed or misused.
8. Include any provisions for indemnification. If the managing agent will be assuming any risks or liabilities on behalf of the LLC or LP entities, make sure there are provisions in place to indemnify and hold harmless the managing agent from any claims, damages, or losses.
9. Have all parties sign and date the document. Make sure that all parties involved in the agreement, including the managing agents and representatives of the LLC and LP entities, sign and date the document to indicate their agreement and acceptance of the terms.

Who needs an LLC-LP managing agent agreement document:

1. LLC and LP entities that require the services of a managing agent to oversee and manage their operations.
2. Managing agents who are being appointed to fulfill specific duties and responsibilities on behalf of both an LLC and LP entity.
3. Professionals or legal advisors assisting in the establishment and management of an LLC-LP structure who need a written agreement to outline the responsibilities and expectations of the managing agent.

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What is llc-lp managing agent agreementdoc?

The llc-lp managing agent agreementdoc is a legal document that outlines the agreement between a limited liability company (LLC) and a limited partnership (LP) regarding the appointment of a managing agent to oversee the operations and management of the business.

Who is required to file llc-lp managing agent agreementdoc?

The members of the LLC and the partners of the LP are required to file the llc-lp managing agent agreementdoc.

How to fill out llc-lp managing agent agreementdoc?

The llc-lp managing agent agreementdoc can be filled out by specifying the roles and responsibilities of the managing agent, the term of the agreement, and any compensation or other terms agreed upon by the parties.

What is the purpose of llc-lp managing agent agreementdoc?

The purpose of the llc-lp managing agent agreementdoc is to formalize the agreement between an LLC and an LP regarding the management of the business by a designated managing agent.

What information must be reported on llc-lp managing agent agreementdoc?

The llc-lp managing agent agreementdoc must include the names and signatures of the parties involved, the effective date of the agreement, the scope of the managing agent's authority, and any other relevant terms and conditions.

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