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From: Wendy Malabuvo <br /> To: LPCtestimonv <br /> Subject: Bill 121 Testimony-Adapt Consent Requirements for Diverse Business Models <br /> Date: Monday,April 15,2024 11:44:00 AM <br /> Dear Esteemed Members, <br /> have a concern regarding LLC's and businesses that operates transient <br /> accommodations on the Big Island. The current consent requirement in Bill 121 under <br /> Section 25-4-17.1 poses unnecessary hurdles for business entities. Allowing a managing <br /> member or managing manager with due authority to sign off on necessary documents <br /> would streamline operations while maintaining responsibility and accountability. It <br /> should not require ALL owners to sign off if someone has been given authority to sign on <br /> behalf of everyone. <br /> From personal experience, this change would greatly benefit our operational efficiency <br /> and is representative of the trust placed in legally authorized individuals by business <br /> members. I urge you to consider this modification, supporting the diverse business <br /> structures that contribute to our island's economy. <br /> With regards, <br /> Wendy and Paolo Malabuyo <br />