Sample Limited Liability Company Operating Agreement Template

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LIMITED LIABILITY COMPANY OPERATING
AGREEMENT
FOR
_________________________
A ____________________-Managed Limited Liability Company
ARTICLE I
Company Formation
1.1
FORMATION. The Members hereby form a Limited Liability Company
("Company")
subject to the provisions of the Limited Liability Company
Act as currently in effect as of
this date. Articles of Organization shall be
filed with the Secretary of State.
1.2
NAME. The name of the Company shall be:
____________________________________.
1.3
REGISTERED AGENT. The name and location of the registered agent of
the Company shall be:
____________________________________
______________________
______________________
_______________________
1.4
TERM. The Company shall continue for a perpetual period.
(a) Members whose capital interest as defined in Article 2.2 exceeds 50
percent vote for
dissolution; or
(b) Any event which makes it unlawful for the business of the Company
to be carried on by the Members; or
(c) The death, resignation, expulsion, bankruptcy, retirement of a
Member or the occurrence of any other event that terminates the continued
membership of a Member of the Company; or
(d) Any other event causing dissolution of this Limited Liability Company
under the laws of the State of ___________________.
1.5
CONTINUANCE OF COMPANY. Notwithstanding the provisions of
ARTICLE 1.4, in the
event of an occurrence described in ARTICLE 1.4(c), if
pg. 1

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