California Operating Agreement Template

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California Operating Agreement Template

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California Operating Agreement Template (1)
Between:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Other Member, if applicable]
[Other Member’s ID]
[Other Member’s Address]
Introduction:
This Operating Agreement outlines the management and operational procedures for the limited liability company (LLC) formed under the laws of the State of California as of [Effective Date].
Article I: Formation
The Members hereby form a limited liability company pursuant to the California Revised Uniform Limited Liability Company Act.
Article II: Purpose
The purpose of this LLC is to engage in any lawful business activity permitted by the State of California.
Article III: Members
The initial Members of the LLC are as follows:
1. [Name of Member 1], [Percentage Ownership]
2. [Name of Member 2], [Percentage Ownership]
Article IV: Management
The LLC shall be managed by its Members. Decisions shall be made by a majority vote of the Members.
Article V: Capital Contributions
The Members agree to make initial capital contributions as follows:
1. [Member 1]: [Amount]
2. [Member 2]: [Amount]
Article VI: Distributions
Distributions shall be made to the Members in proportion to their respective percentage interests in the LLC.
Article VII: Indemnification
The LLC shall indemnify its Members against any liability incurred in their capacity as Members, to the fullest extent permitted by law.
Article VIII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], California on [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
California Operating Agreement Template (2)
Between:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Additional Member, if applicable]
[Additional Member’s ID]
[Additional Member’s Address]
Introduction:
This document serves as the Operating Agreement for the LLC established on [Effective Date], organized under the laws of the State of California.
Article I: Name
The name of the LLC shall be [Name of LLC].
Article II: Duration
The duration of the LLC shall be perpetual unless otherwise agreed by the Members.
Article III: Member Contributions
Each Member agrees to contribute capital as follows: [Specify each Member’s contribution and date].
Article IV: Meetings
Regular meetings of the Members shall be held at least annually at a time and place determined by the Members.
Article V: Management Powers
The Members shall have the power to make and implement all decisions regarding the conduct of the business.
Article VI: Financial Records
The LLC shall maintain accurate and complete financial records reflecting the LLC’s transactions.
Article VII: Dissolution
The LLC may be dissolved by a unanimous vote of the Members or as required by law.
Article VIII: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of California.
Signed in [City], California on [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

Form

Please complete the form below to create the California Operating Agreement Template. All fields must be filled out to ensure a comprehensive and legally binding agreement. We provide examples to guide you through each step.

California Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Management Structure

5. Ownership Interest

6. Capital Contributions

7. Profit and Loss Allocation

8. Distributions

9. Meetings and Voting

10. Indemnification

11. Amendments

12. Miscellaneous Provisions

13. Signatures and Acceptance

14. Declaration and Signatures



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California Operating Agreement Template

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California Operating Agreement Template