All documents listed are linked to Google Docs where you can download and sign the various required forms. Please either scan and email the signed forms to bill@donaldsonfwn.com, mail them to the address on the Contact page or you can take a photo of the signature page and text to 203-915-0718. Thank you!
ORIGINAL BENEFICIARIES OF THE DONALDSON FAMILY TRUST:
Operating Agreement only
NEW MEMBERS:
FORM FOR ANY ORIGINAL BENEFICIARY OPTING OUT
OTHER FORMS
ABOUT YOUR MEMBERSHIP
The grandchildren of Ruth Donaldson received a distribution of the trust property at the time it was transferred into the LLC. The value of the distribution is 1/14 of the property value, which was determined to be $319,300 (town appraised value). This translates to an equity interest in the LLC of 7.06%. To maintain membership and equity in the LLC, a beneficiary must sign the Operating Agreement and pay the required annual dues. Should a beneficiary decide not to participate in future ownership and financial obligations, they may opt out by signing the non-acceptance form. They may surrender their interest to the company or transfer their interest to a qualified person. See Operating Agreement section 2.7 for further details.
A lineal descendant of Ruth Donaldson who is not an original beneficiary (i.e. child of a beneficiary) may join the LLC by signing the Joinder Agreement and Operating Agreement as well as making an initial capital contribution of $600. Payment of annual dues is required to maintain membership.
For any questions about membership, please contact Bill Donaldson at bill@donadlsonfwn.com or 203-915-0718.