Operating Agreement for Manager-Managed LLC
This comprehensive template is designed for manager-managed LLCs, providing a clear framework for defining the roles and responsibilities of designated manager(s). It covers crucial areas like management structure, member rights, profit distribution, and decision-making processes.
Unlike member-managed LLCs, where all members participate in decision-making, the manager-managed LLCs, day to day decision-making authority rests with the designated manager. This template is best-suited for company’s with passive investors (members without management responsibilities).
This comprehensive template is designed for manager-managed LLCs, providing a clear framework for defining the roles and responsibilities of designated manager(s). It covers crucial areas like management structure, member rights, profit distribution, and decision-making processes.
Unlike member-managed LLCs, where all members participate in decision-making, the manager-managed LLCs, day to day decision-making authority rests with the designated manager. This template is best-suited for company’s with passive investors (members without management responsibilities).
This comprehensive template is designed for manager-managed LLCs, providing a clear framework for defining the roles and responsibilities of designated manager(s). It covers crucial areas like management structure, member rights, profit distribution, and decision-making processes.
Unlike member-managed LLCs, where all members participate in decision-making, the manager-managed LLCs, day to day decision-making authority rests with the designated manager. This template is best-suited for company’s with passive investors (members without management responsibilities).
This Manager-Managed LLC Operating Agreement template provides a comprehensive framework for defining the roles and responsibilities of designated managers. It outlines key provisions for managing your LLC, including manager authority, member rights, profit allocation, and decision-making processes.
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
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.
*This Manager-Managed LLC Operating Agreement Template is suited for larger companies or those where silent partners are involved. For smaller LLCs where all members actively participate in management, our Member-Managed LLC Operating Agreement Template may be a better fit.
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