Transcription of LLC Operating Agreement Template
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LLC Operating Agreement Template
LLLLCC OOppeerraattiinngg AAggrreeeemmeenntt This document is the fundamental Agreement behind your Limited Liability Corporation. This one is in plain-English as much as possible reading it through should be self-explanatory Many banks require this document when opening a business checking account NOTICE: We wish we could provide an Agreement that was tailored exactly to your business. While this is not always possible, we feel that we've come very close and that this document provides you with the head-start that you need to get your deal moving. Nevertheless, we must make this disclaimer: Do Not Use This Agreement 'As-Is.' This Agreement Is Not Legal Advice. Read it Thoroughly and Make All Appropriate Changes to Fit Your Requirements. You Should Have this Agreement Reviewed and Approved by a Qualified Attorney at Law Before Using It. JIAN Accepts No Liability for the Effectiveness of This Document For Your Purposes.
4 Table of Contents Section 1: Formation, Name, Purpose, Term And Definitions 5 Section 2: Members, Percentage Interests, Capital Contributions 5 Section 3: Classes And Interests, Extraordinary Actions, Dilution 6 Section 4: Distribution Of Cash & Proceeds; Allocations Of Tax Items 7 Section 5: Management Of The Company 8 Section 6: Rights, Duties And …
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