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reconcile process

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Charles N Wyble
2025-03-03 09:42:18 -06:00
parent 9f52e203e1
commit 4535a32588
2 changed files with 12 additions and 12 deletions
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22
src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-OperatingAgreement.md
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@@ -26,8 +26,8 @@ The Member desires to amend and restate the Prior Agreement to:
- implement mandatory service provider requirements,
- establish the governance structure under the TSYS Group Board of Directors.
- adopt sociocratic principles
- eliminate capital interests and accounts of all members
- replace capital accounts and interests with profit interests
- Specify the LLC and its series does not grant any capital interests and does not maintain capital accounts
- Specify that instead of capital accounts and interests , this LLC and its series uses profit interests exclusively.
- establish profits interests within the fairshares model
- establish a two class system for fairshares profits interests
- reaffirm and reestablish the authority for the creation of operating entities series
@@ -38,9 +38,9 @@ The Member desires to amend and restate the Prior Agreement to:
Upon execution of this Agreement:
- The Prior Agreement shall be superseded in its entirety
- All prior amendments to the Prior Agreement shall be void
- All rights and obligations under the Prior Agreement shall terminate
- The Prior Agreement shall be superseded in its entirety.
- All prior amendments to the Prior Agreement shall be void.
- All rights and obligations under the Prior Agreement shall terminate.
- All previous written and verbal agreements, understandings, contracts, and commitments of any kind made by or on behalf of:
- TSYS Group
@@ -49,10 +49,10 @@ Upon execution of this Agreement:
- Turnkey Network Systems LLC
- Turnkey Network Systems Partnership
- Turnkey Network Systems sole proprietorship
are hereby terminated, rescinded, and rendered null and void in their entirety
are hereby terminated, rescinded, and rendered null and void in their entirety with immediate effect.
- No party shall have any continuing obligations, rights, or duties under any such prior agreements
- This Agreement shall govern all aspects of the Company's operations going forward
- No party shall have any continuing obligations, rights, or duties under any such prior agreements.
- This Agreement shall govern all aspects of the Company's operations going forward.
## ARTICLE 2 - GLOSSARY OF TERMS
@@ -62,7 +62,7 @@ For purposes of this Agreement, the following terms shall have the meanings spec
1. **Agreement**: This Operating Agreement of Turnkey Network Systems LLC, as amended from time to time.
2. **Board** or **Board of Directors**: The governing body of TSYS Group, which oversees all TSYS Group entities and operations through various sub-committees.
2. **Board** or **Board of Directors**: The body which provides governance of all TSYS Group entities and operations through various sub-committees.
3. **Company Committee**: The governing sub-committee of the Board specifically responsible for overseeing Turnkey Network Systems LLC and its series. The Company Committee consists of independent directors elected by the members of all series of the Company.
@@ -125,9 +125,9 @@ For purposes of this Agreement, the following terms shall have the meanings spec
11. **The Campus Trading Company**: Turnkey Network Systems LLC - The Campus Trading Company (series) LLC, the designated provider of all transaction and treasury operations for the Company and its series.
12. **TSYS Group**: The parent organization that includes Turnkey Network Systems LLC and its series as subsidiary entities. TSYS Group is governed by its Board of Directors through various sub-committees, including the Company Committee that oversees the Company.
12. **TSYS Group**: Turnkey Network Systems LLC and its affiliated stand alone legal entities and series of Turnkey Network Systems LLC.
13. **Transaction Services**: All financial transaction and treasury services provided exclusively by Turnkey Network Systems LLC - The Campus Trading Company (series) LLC, including:
13. **Transaction and Treasury Services**: All financial transaction and treasury services provided exclusively by Turnkey Network Systems LLC - The Campus Trading Company (series) LLC, including:
- Payment Processing:
- Electronic funds transfers (ACH, wire, SWIFT)
- Credit and debit card processing

2
src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-v2.0DesignDocument.md
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@@ -15,7 +15,7 @@ We have learned quite a bit in our first few years of operation as an LLC of som
### Main company agreement overview
This document is for the Company, the overall LLC that is registered (as a series LLC) with the Texas secretary of state. It's entire purpose is to be an administrative body for the series. It conducts no business, it enters into no contracts, it can not be dissolved, it has a single member (Turnkey Network Systems LLC - Wyble Family Office (series) LLC) and that member cannot be removed.
This document is for the Company, the overall LLC that is registered (as a series LLC) with the Texas secretary of state. It's entire purpose is to be an administrative body for the series. It conducts no business, it enters into no contracts, it can not be dissolved, it has a single member (Turnkey Network Systems LLC - Wyble Family Office (series) LLC - TSYSMemberSeries) and that member cannot be removed.
The entire document was written by Claude , using a combination of chats over a period of a few hours. Less than 1% of the document was altered by Charles from Claudes output.