OperatingAgreement
United States
LLC Operating Agreement                           
Our LLC Operating Agreement lets you specify:

  • Profit/Loss distribution
  • Management structure
  • Member voting methods
  • What happens when a member leaves
  • How to dissolve the company
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Update

Minor changes to the text of the final agreement were made on November 4, 2009. These changes are cosmetic and not legally significant.

If you need to print out more copies of your Agreement then be sure to print out a new copy for each Member.

Governing Law

You must select a state to continue.

Company Information

The company name is required to continue.


(e.g. "This company is organized for the conduct of any or all lawful affairs for which a limited liability company may be organized", "The purpose of this company is to purchase and develop real estate", etc.)


Principal Office Address

(e.g. 10030 - 103 Street, Beverly Hills, CA, 90250)


Membership Classes

Membership Listings

Member Information

(e.g. Sally T. Smith, Johnny J. Johanson)

(e.g. 10030 - 103 Street, Beverly Hills, CA, 90210)



Capital Contributions

(e.g. This Member will provide cash; This Member will contribute 2,000 square feet of suitable office space described as: suite 201, 9955 - Westmount Boulevard, Los Angeles, California; This Member will provide all engineering services necessary to bring the ABC widget to market.)


Open the calendar popup.

Member Contributions


Member Profit & Loss Distribution

(e.g. Distributions are to be made quarterly, Distributions are to be made after the fiscal year end after tax returns have been completed and returned, etc.)

Admitting New Members

Dissolution and Dissociation of a Member

Voluntary Withdrawal of a Member


(e.g. 14 days, 3 months, etc.)

(e.g. 14 days, 3 months, etc.)

Dissolution of the Company



Duty of Loyalty

(e.g. 2 years, 5 years, etc.)

Member Meetings

(e.g. "the Principal Office", "1212 - 11 Ave, Chicago", "as agreed by Members", etc.)


(e.g. 7 days, 3 weeks, etc.)


(e.g. 51, 75)

Actions Requiring Unanimous Consent of the Members

Select the issues that require the unanimous consent of all Members:

Management Information

Most Limited Liability Companies would simply be managed by the Members.

Accounting and Annual Reports




The Tax Matters Partner (Member) prepares and submits all tax returns and reports as required by the taxation legislation.


Annual Report

What else should the annual report include, in addition to the federal income tax report?

Authority To Bind The Company in Contract

Amendment Procedure

Miscellaneous



Additional Clauses

Additional clauses are terms that you wish to include that are not already addressed in the above questions.

Execution Date