Limited Liability Company (LLC) - Bank of Reveille LLC - Business Incorporation Registration

[Nacho]

Type of Legal Entity Being Formed: Limited Liability Company (LLC)

Proposed Registered Name of Entity: Bank of Reveille LLC

In-Game Company Name: BOR / BOR-ATM

In-Game Name(s) of Incorporator(s)/Formator(s): Nacholebraa

For Corporations and SPEs: Please attach your signed Certificate of Incorporation and, if applicable, your Bylaws.
For LLCs: Please attach your signed Certificate of Formation and LLC Operating Agreement. File(s) attached

Contact Information: Nacholebraa - Nacholebraa - Nacho

Agreement:

• The submitted documents are complete, final, and have been prepared in accordance with all relevant provisions of the Legal Entity Act (A.P.020).
• I understand that the MoTF will review this filing for compliance and that the entity's legal existence begins only upon the official signature of the formation instrument by the MoTF in a newly created Company Docket.
• I have read and understood the duties, liabilities, and responsibilities associated with the type of entity I am forming.

 

[Nim]

Dear Nacho,

Thank you for your application for a Certificate of Formation for Bank of Reveille LLC. We appreciate your patience as we process the influx of submissions.

We are currently experiencing an unusually high volume of applications coupled with a temporary staffing shortage within the Ministry of Trade and Finance. Due to these circumstances, the verification of your application may take longer than the standard timeframe. This extension is in accordance with the Legal Entity Act, citing the exceptionally high amount of filings preventing timely verification.

Please be assured that we are working diligently to process all applications as quickly as possible. We will notify you as soon as there is an update regarding the status of your application.

Thank you for your understanding.

Sincerely,

Nimq_
Secretary - Ministry of Trade and Finance

 

[Nim]

Dear Nacho,

During our statutory review of the application for Bank of Reveille LLC, we identified the following deficiencies that must be cured before we can proceed. Pursuant to the Standard Review Workflow (§3), the 5-day review clock is now PAUSED.

Please review the following items carefully:

• [DEF-01: Improper LLC Structure] The Certificate of Formation fails to properly incorporate the Operating Agreement by reference.
  
  • Problem: Article IV of your Certificate uses generic, conditional language ("An LLC Operating Agreement has been or will be adopted...").
  • Requirement: Per §5.1 of the Examiner Handbook, the Certificate must contain specific, verbatim text that explicitly names the document being incorporated. For example: "Article IV hereby incorporates the attached document titled 'BOR _ LLC Operating Agreement.pdf', which is filed concurrently herewith."
  • Cure: Please amend Article IV of the Certificate of Formation to include the precise, required language, explicitly naming the Operating Agreement file.
• [Substantive Error: Contradictory Profit Allocation] There is a direct conflict between your entity's declared structure and its profit allocation method.
  
  • Problem: The Certificate of Formation declares the entity is an Interest-Based LLC. However, Article IV, Section 1 of the Operating Agreement states that "profits and losses shall be allocated equally among members." This allocation method is characteristic of a Member-Based LLC, not an Interest-Based one where allocation should be proportionate to interest (e.g., 100% to the sole member).
  • Cure: You must amend the documents to be consistent. Either change the profit allocation in the Operating Agreement to be based on percentage interest, or change the entity type in the Certificate of Formation to Member-Based.

Please file a single, corrected Certificate of Formation that resolves all of the above deficiencies within 72 hours. Note that only the Certificate of Formation needs to be resubmitted, but it must correctly incorporate by reference a compliant Operating Agreement.

Regards,

Nimq_
Secretary – Ministry of Trade & Finance

 

[Nacho]

Dear Nacho,

During our statutory review of the application for Bank of Reveille LLC, we identified the following deficiencies that must be cured before we can proceed. Pursuant to the Standard Review Workflow (§3), the 5-day review clock is now PAUSED.

Please review the following items carefully:

• [DEF-01: Improper LLC Structure]The Certificate of Formation fails to properly incorporate the Operating Agreement by reference.
  • Problem: Article IV of your Certificate uses generic, conditional language ("An LLC Operating Agreement has been or will be adopted...").
  • Requirement: Per §5.1 of the Examiner Handbook, the Certificate must contain specific, verbatim text that explicitly names the document being incorporated. For example: "Article IV hereby incorporates the attached document titled 'BOR _ LLC Operating Agreement.pdf', which is filed concurrently herewith."
  • Cure: Please amend Article IV of the Certificate of Formation to include the precise, required language, explicitly naming the Operating Agreement file.
• [Substantive Error: Contradictory Profit Allocation]There is a direct conflict between your entity's declared structure and its profit allocation method.
  • Problem: The Certificate of Formation declares the entity is an Interest-Based LLC. However, Article IV, Section 1 of the Operating Agreement states that "profits and losses shall be allocated equally among members." This allocation method is characteristic of a Member-Based LLC, not an Interest-Based one where allocation should be proportionate to interest (e.g., 100% to the sole member).
  • Cure: You must amend the documents to be consistent. Either change the profit allocation in the Operating Agreement to be based on percentage interest, or change the entity type in the Certificate of Formation to Member-Based.

Please file a single, corrected Certificate of Formation that resolves all of the above deficiencies within 72 hours. Note that only the Certificate of Formation needs to be resubmitted, but it must correctly incorporate by reference a compliant Operating Agreement.

Regards,

Nimq_
Secretary – Ministry of Trade & Finance

Updated the operating agreement.

 

[Nim]

ACCEPTED

signed,
Nimq_

MoTF Secretary