Operating Agreement for Member-Managed LLC
This comprehensive template is designed for LLCs where all members actively participate in the management of the company, covering areas such as daily operations, member responsibilities, voting rights, profit distribution, and more.
This comprehensive template is designed for LLCs where all members actively participate in the management of the company, covering areas such as daily operations, member responsibilities, voting rights, profit distribution, and more.
This comprehensive template is designed for LLCs where all members actively participate in the management of the company, covering areas such as daily operations, member responsibilities, voting rights, profit distribution, and more.
This Member-Managed LLC Operating Agreement template, crafted by an experienced attorney, provides a comprehensive framework for managing your LLC, including member roles, voting rights, profit distribution, and operational guidelines, complete with explanatory notes for easy customization.
What this template covers:
Relevant Definitions
Formation & Corporate Information
Membership
Contributions
Allocation of Profits/Losses
Distributions
Treatment of Loans From Members
Limit of Liability
Indemnification
Management of Company
Specific Responsibilities of the Members
Meetings
Voting Rights
Tie-Breaker Mechanism
Officers
Organization Expenses
Salaries
Expense Reimbursement
Method of Accounting
Ownership Transfers
Member Withdrawal
Dissolution
Winding Up
and more…
What you're buying:
Upon your purchase, you'll immediately receive an email with a link to a PDF containing a the Google Doc link. You will have unlimited access to this link and all updated versions of the document.
*For larger companies who require an appointed manager structure or where silent partners are involved, we recommend the Manager-Managed LLC Operating Agreement Template.
LICENSE TO USE: Upon the purchase of this template, you will be granted a personal license to use and adapt this template for your individual business purposes. Use of this template for any other purpose, including resale to third parties, is strictly prohibited and a violation of law. Read our full Website Terms of Use for more details about your rights to use this template.
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