You can open the Illinois LLC Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Illinois LLC Operating Agreement Template Printable | Editable FormSample
This Limited Liability Company (LLC) was formed on [Formation Date] in the State of Illinois under the name [LLC Name].
The purpose of the LLC is to engage in any lawful activity permitted under Illinois law.
The principal office of the company is located at [Address of the Principal Office].
The Members of the LLC are:
[Member 1 Name], [Member 1 Address]
[Member 2 Name], [Member 2 Address]
The Members shall make initial capital contributions as follows:
[Member 1 Name]: [Amount]
[Member 2 Name]: [Amount]
Profits and losses shall be allocated to the Members in proportion to their respective ownership interests.
Distributions shall be made as determined by the Members.
The LLC will be managed by its Members. Decisions shall be made by a majority vote of the Members.
The LLC shall continue until terminated in accordance with this Agreement or by law.
This Agreement may be amended only by a written agreement signed by all Members.
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
This Operating Agreement of [LLC Name], an Illinois Limited Liability Company, is made as of [Effective Date].
For purposes of this Agreement, the following definitions apply:
– “Member” means any person who has been admitted as a member of the LLC.
– “Percentage Interest” means the percentage of ownership of each Member.
The ownership interests of the Members are as follows:
[Member 1 Name]: [Percentage]%
[Member 2 Name]: [Percentage]%
The management shall be vested in the Members, each of whom shall have the authority to bind the LLC in matters of business.
All revenues, expenses, and profits shall be accounted for per the terms stated herein and distributed accordingly.
Members are obligated to contribute additional funds if necessary and will maintain fiduciary duties to each other.
The LLC shall indemnify the Members against liabilities incurred while acting within the scope of their authority concerning the LLC.
The LLC may be dissolved by unanimous consent of the Members or as otherwise required by law.
This Agreement constitutes the entire understanding among the Members and supersedes all prior agreements.
[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 Illinois LLC Operating Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Illinois LLC Operating Agreement Template 1. LLC Information 2. Member Information 3. Purpose of the LLC 4. Management Structure 5. Fiscal Year 6. Distribution of Profits and Losses 7. Admission of New Members 8. Dissolution Procedures 9. Indemnification Provisions 10. Amendments to the Agreement 11. Signatures and Acknowledgment 12. Declaration and Signatures
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Illinois LLC Operating Agreement Template Printable | Editable FormPrintable
