You can open the Operating Agreement Template For Multi Member LLC in multiple formats, including PDF, Word, and Google Docs.
Operating Agreement Template For Multi Member LLC Printable | Editable FormSample
This Operating Agreement is made effective as of [Effective Date], by and among the undersigned members (“Members”) of [Name of LLC], a Limited Liability Company formed in the state of [State].
The purpose of the LLC is to engage in [Describe business purpose] and any other lawful business activities permitted under the laws of [State].
The members of the LLC are as follows:
– [Member 1 Name, Address, Percentage Ownership]
– [Member 2 Name, Address, Percentage Ownership]
– [Additional Members as necessary]
Management of the LLC shall be vested in the Members. Decisions shall be made by majority vote, except where a higher percentage is required by this Agreement or by law.
Initial capital contributions shall be made by each Member as follows:
– [Member 1: Amount]
– [Member 2: Amount]
– [Additional Contributions as necessary]
Distributions of profits and losses shall be made to the Members in proportion to their respective percentage interests as detailed in Article II.
The LLC shall maintain complete and accurate books and records of the LLC’s business activities. Each Member shall have access to such books and records during normal business hours.
To the fullest extent permitted by law, the LLC shall indemnify any Member or Manager against any losses, expenses, or liabilities incurred in connection with the LLC.
Any amendments to this Operating Agreement shall be made in writing and signed by all Members.
This Agreement shall be governed by and construed in accordance with the laws of the state of [State].
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Additional Members as necessary]
This Operating Agreement is dated [Effective Date] and is entered into by the Members of [Name of LLC], established in [State].
This LLC is formed to [Describe the purpose of the business and any secondary purposes].
The Members of the LLC include:
– [Member 1 Name, Address, Contribution, Percentage]
– [Member 2 Name, Address, Contribution, Percentage]
– [Additional Members as needed]
The LLC shall be managed by its Members. Major decisions require a [Specify voting threshold] approval of the Members.
Members agree to contribute the following capital to the LLC:
– [Member 1: Amount and Description]
– [Member 2: Amount and Description]
Profits and losses shall be allocated among the Members in accordance with their respective ownership percentages.
The LLC shall maintain a complete set of financial records, which may be inspected by any Member upon reasonable request.
Members shall not be personally liable for the debts or liabilities of the LLC, except as required by law.
Any modifications to this Agreement require written consent from all Members.
This Operating Agreement will comply with the laws and regulations of [State].
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Additional Members as necessary]
Form
Please complete the form below to create the Operating Agreement Template for Multi-Member LLC. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. Operating Agreement Template for Multi-Member LLC 1. LLC Information 2. Member Information 3. Purpose of the LLC 4. Management Structure 5. Voting Rights 6. Profit and Loss Distribution 7. Capital Contributions 8. Transfer of Membership Interests 9. Indemnification and Liability 10. Amendments 11. Signatures and Acceptance 12. Declaration and Signatures
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Operating Agreement Template For Multi Member LLC Printable | Editable FormPrintable
