LLC Operating Agreement

Name of Company, Permits, License and Agencies
Holz Möbel LLC is a furniture store and warehouse. We specialize in handcrafted furniture products like dining room tables, chairs, living room, bedrooms, and office furniture. Our facility is located in the city of Piedmont, SC in Greenville County.
Mission Statement: Our Company is a furniture manufacturing store and warehouse. We make high quality handcrafted and personally designed furniture for every need. We ensure customers have the best, unique and beautiful pieces in their home, office or place of business. We strive to make our employees work environment safe and enjoyable, encourage new ideas and lasting relationships.
Vision Statement: To bring unique and timeless pieces that stay
LLC Operating Agreement
LLC operation agreement includes: formation, name, purpose, term, name and address of member, initial contributions, distribution, gains/losses, management of company, decision making, withdrawal and dissolution of the company.
An operating agreement defines the organization. Such as the purpose, power and duration of the LLC. It also as information about the members financial and managerial rights they have in the company. Even the one that manages the accounts and even the dissolution of the company.
E. Managing and Operation of Your LLC
The requirement of a written document that explains how the company will be managed and operated isn’t required. It is still a good document to have for other purposes, such as loans, lenders and other potential future partners. A member managed means that the organizers have the authority to make decisions that affect the daily regular operations. While manager managed means the organizers have hired somene wth the skills sets to direct daily operation with the members only making bigger decisions and the state allows either one. The name of the company in Nevada is the same.
F. Regulations, Laws and
Square
H. Product Liability
The Company is guilty of strict product liability. It didn’t properly inspect the shipped goods. The defective product is the sole responsibility of the company. The reason being that the product was shipped faulty and the workers failure to properly inspect quality. Which under the strict product liability law makes the manufacture liable to the injured party.
Under the theory of negligence the injured party must prove the following: duty, breach, causation and damages. Must prove that the defendant had the duty in which case owes the plaintiff for something. Second, that the defendant breached the legal duty to behave or failing to behave a certain way. Third causation, meaning that a defendant actions have caused injuries to the plaintiff. Lastly damages meaning that the plaintiff as suffered injuries because of the defendants action or inaction. (findlaw.com)
Under the strict product liability a plaintiff doesn’t have to provide as much evidence when they have been injured from the product and the responsibility falls solely to the manufacture or seller.
The steps taken to mitigate the liability are as follow.
I. Patents & Intellectual