Hi, the operating agreement does not say that I have the ability to open and maintain a bank account.
Hi, the operating agreement does not say that I have the ability to open and maintain a bank account.
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Sure thing! You can totally add it. As the only member, you can add it. Here is a sample clause:
Banking Authority - The Member is authorized to open, maintain, and manage bank accounts in the name of the LLC. The Member shall have full authority to deposit funds, withdraw funds, sign checks, and conduct any other banking transactions necessary for the operation of the LLC.
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Single-Member LLC Operating Agreement
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Hi, the operating agreement does not say that I have the ability to open and maintain a bank account.
Lexi, Chatbot
I understand your concern regarding the operating agreement not mentioning your ability to open and maintain a bank account. Are you looking to clarify your rights and responsibilities regarding banking activities for your business?
I’m uploading an operating agreement, and they say the document doesn’t mention that on there.
Lexi, Chatbot
Have you consulted with a lawyer or legal advisor regarding this issue with the operating agreement?
No, I’m asking you.
Lexi, Chatbot
Is there anything else the Lawyer should know before I connect you? Rest assured they’ll be able to help with your operating agreement issue.
Everything else is fine; I just need to sign and date it. It doesn’t show that I’m able to open and maintain a bank account.
Lexi, Chatbot
Understood. Connecting you to a lawyer now.
Legal Eagle
Hello! LegalEagle here. I’m reviewing your issue in detail. I only need about 2-5 minutes to read, review, and respond to each of your posts. Also, I’m NOT artificial intelligence. I’m a real person. (I get that a lot!) Could you please clarify what specific rights you are hoping to see outlined in the operating agreement regarding the bank account?
Ability to open and maintain a bank account on my operating agreement.
Legal Eagle
Thanks! Is this a single-member LLC?
Yes, I’m the only member, CEO.
Legal Eagle
Understood! Now that I have this info, what is your legal question for me?
This operating agreement doesn’t state that I can open and maintain a bank account, and I have to sign and date it.
Legal Eagle
Ok, got it—did you want to add that clause in there?
If I can.
Legal Eagle
Sure thing! You can totally add it. As the only member, you can add it. Here is a sample clause:
Banking Authority - The Member is authorized to open, maintain, and manage bank accounts in the name of the LLC. The Member shall have full authority to deposit funds, withdraw funds, sign checks, and conduct any other banking transactions necessary for the operation of the LLC.
Ok, how do I add it?
Legal Eagle
You can literally just copy and paste it into your document. You may need Adobe PDF to edit the document, but that’s it.
Ok, thank you.
Legal Eagle
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