You can open the Member Managed LLC Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Member Managed LLC Operating Agreement Template Printable | Editable FormSample
[Name of Member 1]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
[Name of Member 2]
[Member 2’s Address]
[Member 2’s Phone]
[Member 2’s Email]
This Operating Agreement is made and entered into as of [Date], by and between the Members of [LLC Name], hereby establishing the governance structure and operational guidelines for the Member Managed LLC.
The Members hereby form a limited liability company under the laws of [State], with the name [LLC Name].
The Company is organized for the purpose of [Describe the business purpose of the LLC].
The Members of the Company are as follows:
1. [Name of Member 1]
2. [Name of Member 2]
The management of the Company will be vested in the Members. Decisions shall be made by a majority vote of the Members.
Each Member shall make initial capital contributions as follows:
[Detail contributions of each Member].
The profits and losses of the Company shall be allocated to the Members in proportion to their percentage of ownership interests.
The fiscal year of the LLC shall end on the 31st day of December of each year.
The LLC shall indemnify its Members to the fullest extent permitted by law from and against any losses, claims, damages, or liabilities incurred in connection with the LLC.
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]
[Name of Member 1]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
[Name of Member 2]
[Member 2’s Address]
[Member 2’s Phone]
[Member 2’s Email]
This Operating Agreement is executed as of [Date], for the purpose of governing the affairs of [LLC Name], and sets forth the rights, powers, and responsibilities of the Members.
The name of the LLC is [LLC Name], and its principal office shall be located at [Office Address].
The purpose of this LLC shall be to engage in any lawful business activities permitted under [State] law.
The following persons are Members of the LLC:
1. [Name of Member 1], with a [Ownership Percentage]% Interest
2. [Name of Member 2], with a [Ownership Percentage]% Interest
All decisions regarding management shall be made by a majority of Members, unless otherwise stated in this Agreement.
Each Member’s contribution, both initial and ongoing, shall be recorded as follows:
[Detail contributions and how distributions will be handled].
The financial records of the LLC shall be maintained according to [Accounting Standards], and will be available for review by any Member.
To the fullest extent permitted by law, the LLC shall indemnify its Members against any losses or liabilities arising from their role in the LLC.
This Agreement may be modified or 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]
Form
Please complete the form below to create the Member Managed 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. Member Managed LLC Operating Agreement Template 1. Company Information 2. Member Information 3. Purpose of the LLC 4. Member Contributions 5. Profits and Losses Distribution 6. Management Structure 7. Meetings 8. Indemnification of Members 9. Amendments to the Agreement 10. Miscellaneous Provisions 11. Signatures and Acceptance 12. Declaration and Signatures
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WORD
Member Managed LLC Operating Agreement Template Printable | Editable FormPrintable
