Operating Agreement for Member-Managed LLC

$350.00

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.

Independent Contractor Agreement for Creative Freelancers
Independent Contractor Agreement for Creative Freelancers
$225.00

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.

DISCLAIMER:  Purchase of this template does not create an attorney-client relationship between you and ID Law Shop. Should you have any legal questions concerning the terms of this template, you should speak to a licensed attorney in your state. Please read our full Legal Disclaimer for more information. 

You may also need...