Operating Agreement Contract Template
This Operating Agreement Template is an agreement for the member(s) of your LLC that sets forth how the LLC will be managed financially and operationally.
This written as a member-managed Operating Agreement, meaning that the members (owners) of the LLC manage the LLC. Unlike your LLC formation documents, the Operating Agreement does not need to be filed anywhere. You don't need to send it to your state or the IRS. It is strictly an "internal document" and should be kept with your other business documents.
This Operating Agreement covers:
How the LLC is managed;
Ownership of company property;
How capital contributions are made;
How profits and losses are distributed;
Admission of new members; Withdrawal of members;
Dissolution of the company;
How member disputes are handled;
Indemnification of members.
This Operating Agreement Template is an agreement for the member(s) of your LLC that sets forth how the LLC will be managed financially and operationally.
This written as a member-managed Operating Agreement, meaning that the members (owners) of the LLC manage the LLC. Unlike your LLC formation documents, the Operating Agreement does not need to be filed anywhere. You don't need to send it to your state or the IRS. It is strictly an "internal document" and should be kept with your other business documents.
This Operating Agreement covers:
How the LLC is managed;
Ownership of company property;
How capital contributions are made;
How profits and losses are distributed;
Admission of new members; Withdrawal of members;
Dissolution of the company;
How member disputes are handled;
Indemnification of members.
This Operating Agreement Template is an agreement for the member(s) of your LLC that sets forth how the LLC will be managed financially and operationally.
This written as a member-managed Operating Agreement, meaning that the members (owners) of the LLC manage the LLC. Unlike your LLC formation documents, the Operating Agreement does not need to be filed anywhere. You don't need to send it to your state or the IRS. It is strictly an "internal document" and should be kept with your other business documents.
This Operating Agreement covers:
How the LLC is managed;
Ownership of company property;
How capital contributions are made;
How profits and losses are distributed;
Admission of new members; Withdrawal of members;
Dissolution of the company;
How member disputes are handled;
Indemnification of members.