Royal Federal LLC

[JunkCereal]

Esteemed Officials of the Ministry of Trade and Finance,

Attached is the Certificate of Formation and signature. We shall attach the Operating Agreement and signature in another post below.

We await your review and response.

Sincerely,
Founding Members of Royal Federal

 

[JunkCereal]

The mentioned Operating Agreement and signature.

 

[Nim]

> Every member is a managing member. Decisions for managing the Company shall be made
with a unanimous vote of the members. Daily operations decisions may be decided by
either member alone.

Sounds like member managed.

 

[Omegabiebel]

MOTF registration is closed. Please refile when we reopen.

 

[Nim]

Dear JunkCereal and extromondo,

During our statutory review under §8 Legal Entity Act (A.P.020), we
identified the following issue(s) with your Certificate of Formation for
"Royal Federal LLC":

• The filing is missing a mention to an in-game company or a written
  justification for an exemption.
• The Certificate of Formation declares the entity "member-based" and
  states "Interest Basis: Not applicable", but the Operating Agreement
  is structured entirely around percentage-based "Interests". These
  documents must be amended to be consistent. Please clarify if this is
  a member-based or interest-based LLC and revise accordingly.
• The inactivity clause in your Operating Agreement (§2.g) does not
  conform to the statutory baseline. It must include
  provisions for a 72-hour notice period and a buy-back of the
  member's interest at par value (or a compliant equivalent).

The 5-day review timer is paused. Please file a corrected Certificate of
Formation and/or Operating Agreement within 72 hours to cure these
deficiencies.

Regards,
MoTF Secretary – Ministry of Trade & Finance

 

[JunkCereal]

Good day, MoTF Secretary,

We respectfully withdraw our registration.

Thank you for your time.