Operating Agreement, member-managed LLC, co-ownership disclaimer, data privacy.
The Operating Agreement, explained
Governs the LLC: decision-making, fair-use, default remedies, sale and replacement rules. We provide a 2-page summary alongside the full document.
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What is a member-managed LLC, and why does RYDA use it?
It's an LLC where the members (the co-owners) hold authority over material decisions, not an outside manager. This is what keeps RYDA a luxury access platform, not an investment product.
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Are RYDA co-ownership stakes securities?
No. They are LLC membership interests in a member-managed LLC where you actually co-own and use the vehicle. Not registered securities. Not offered for investment purposes.
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Data privacy & member information
We collect what's necessary, store it securely, and don't sell to third parties. Full policy at /legal/privacy.
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What if the LLC has to wind down?
Triggered by total loss, 75% co-owner vote, or insolvency. Vehicle is sold, debts paid, remaining proceeds distributed pro-rata. RYDA handles all paperwork.
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How do disagreements between co-owners get resolved?
Most disagreements never escalate, RYDA Operations enforces the Operating Agreement consistently. For ones that do: mandatory mediation first, then arbitration under AAA rules.
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