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An operating agreement is the governing contract adopted by members of a Limited Liability Company (LLC). It may be used to regulate nearly all aspects of the LLC’s affairs, including how the business is managed, how assets are used and how revenues are shared.
Download: PDF, MS Word (.docx), OpenDocument Multi-Member LLC Operating Agreement – For use by businesses with more than one (1) member who would like to establish their company policies and shall agree on needed protections for their members.
A multi-member LLC operating agreement is a binding document between the members of a company that includes terms related to ownership (%), management, and operations. The agreement should be created when forming the company as an understanding of how the organization will run.
Single-Member LLC Operating Agreement Template. Create a high-quality document now! Washington. Create Document. Updated July 16, 2024. A single-member LLC operating agreement outlines the business activities, management, and ownership of a company with 1 owner (member).
A Pennsylvania LLC operating agreement is a legal document that sets up policies, procedures, ownership, and operational duties for a company. The agreement should include the terms needed to run the business and each member's ownership.
A Virginia LLC operating agreement is a document that sets how a company will conduct its affairs and its relations among its members. It should cover the primary purpose of the business, appoint officers, outline the rights of certain members, and mention the company's ownership.
This Limited Liability Company Operating Agreement (“Agreement”), entered into on _____, 20____ is a: (check one) ☐ - Single-Member LLC, entered into by _____, being the sole owner with a mailing address of _____. ☐ - Multi-Member LLC, entered into by and between ____ Members known as:
I. DATE. This Amendment to an LLC Operating Agreement (“Amendment”) has been agreed to on _____________________, 20____, by its Member(s). II. ORIGINAL AGREEMENT. This Amendment hereby resolves, confirms, and amends the operating agreement dated _____________________, 20____, for the entity known as _____________________, LLC that was ...
A New York LLC operating agreement is a required document outlining how an LLC is owned and operated. The agreement should include company management, voting rights, officer appointments, and other relevant items.
A Florida LLC operating agreement is a legal document that allows the members of a company to record the ownership of the company and its rules of operation. In addition, members can appoint officers and record their capital contributions in the agreement.