b'The manager references its list of members from the Investor LLCs operating agreement to determine who will receive checks, and how much each member is entitled to receive from the distribution, based on their respective percentage interests.The checks are written from the Investor LLC to the Class A & Class B members listed using the exact member names listed in those tables (which should match their subscription agreements).Caveat Regarding Bank Accounts If you are forming a limited liability company in a state where you dont live, you may also want to set up the companys bank account in the state where the entity is formed, versus setting up a bank account for an out-of-state entity in your home state. Your home state could take the position that since your company has a bank account (and is thus, conducting business there), your entity should also be registered as a foreign entity in your home state. Additionally, your bank could require proof of registration in the state where the branch is located.As an example, because the minimum franchise tax for a California registeredcompanyis$800/year,Californiahasavestedinterestin requiring out-of-state companies to register there as a revenue generating measure, whenever they can find a nexus between California and the entity. A nexus is a relationshipfor instance this could apply if you live in California,butoperateanout-of-statecompany;orifyouroutofstate company has California members. In either case, California may try to assert dominion and require you to register the out-of-state entity in California. 278'