Delaware Operating Agreement Template

You can open the Delaware Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Delaware Operating Agreement Template

Printable | Editable Form




Delaware Operating Agreement Template (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company Address]
Introduction:
This Operating Agreement is executed on [Effective Date] to govern the internal affairs of the limited liability company named [Company Name] formed under the laws of Delaware.
Clause 1: Formation
The Members hereby form a limited liability company pursuant to Delaware law, under the name [Company Name]. The primary purpose of the Company is to [Specify Purpose].
Clause 2: Capital Contributions
Each Member shall contribute the following capital to the Company: [Specify contributions]. Any additional contributions shall be agreed upon by all Members.
Clause 3: Management
Management of the Company shall be vested in: [Specify if it’s Member-managed or Manager-managed], with the powers and duties described herein.
Clause 4: Distributions
Distributions shall be made to the Members according to their respective ownership percentages or as otherwise agreed upon by Members.
Clause 5: Transfer of Interests
No Member may transfer its interest in the Company without the prior written consent of the other Members unless otherwise stated herein.
Clause 6: Indemnification
The Company shall indemnify Members against losses or damages incurred in the course of Company business, to the maximum extent allowed by Delaware law.
Clause 7: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
Executed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Company Representative]
[Name of the Company Representative]
Delaware Operating Agreement Template (2)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company Address]
Introduction:
This Operating Agreement outlines the structure and operating procedures of [Company Name] established on [Effective Date], in accordance with Delaware law.
Clause 1: Name and Principal Office
The name of the Company is [Company Name], and its principal office shall be located at [Address].
Clause 2: Purpose
The Company is organized for the purpose of [Specify Purpose] and any lawful activities permitted under Delaware law.
Clause 3: Ownership
The Members own the Company in the following percentages: [Specify ownership percentages].
Clause 4: Meetings
Regular meetings of the Members shall be held at least once a year, with special meetings to be called as needed.
Clause 5: Books and Records
The Company shall maintain complete and accurate books and records of its business, which shall be open to inspection by Members during reasonable hours.
Clause 6: Amendment
This Agreement may be amended only by a written instrument signed by all Members of the Company.
Clause 7: Dissolution
The Company shall dissolve upon the occurrence of the following events: [Specify events or conditions].
Executed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Company Representative]
[Name of the Company Representative]

Form

Please complete the form below to create the Delaware 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.

Delaware Operating Agreement Template

1. Company Information


2. Member Information


3. Management Structure

4. Purpose of the Company

5. Capital Contributions

6. Distributions

7. Transfer of Membership Interests

8. Indemnification

9. Amendments

10. Governing Law

11. Signatures and Acceptance

12. Declaration and Signatures



PDF


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Printable

Delaware Operating Agreement Template

Printable | Editable Form




Delaware Operating Agreement Template