Database Mechanism
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United States of America Patent
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N/A
Issued Date -
Nov 15, 2007
app pub date -
Apr 3, 2006
filing date -
Apr 3, 2006
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
In one aspect of the invention, a database mechanism has a first electronic reference representing a first party and a second electronic reference representing a Limited Liability Company (LLC). The LLC has an operating agreement and at least one Series Limited Liability Company (Series LLC) subject to the operating agreement. The Series LLC has one natural second party who is an employee. The database mechanism has executable code that directs electronic pecuniary transactions that deplete the Series LLC of all assets other than the second party.
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