Limited Liability Company Operating Agreement Page 4
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15There
s hall
b e
_ _________
i nitial
M anagers.
# of Managers
The
i nitial
M anager(s)
i s/are:
________________________________________________________________________________
First
Middle
Last
________________________________________________________________________________
First
Middle
Last
________________________________________________________________________________
First
Middle
Last
________________________________________________________________________________
First
Middle
Last
A
Manager
shall
hold
their
position
until
the
Members
elect
a
successor.
The
M embers
s hall
e lect
a nd
m ay
r emove
t he
M anager(s)
b y
m ajority
vote.
The
authority
shall
be
held
by
the
Members
to
take
all
necessary
and
proper
a ctions
i n
o rder
t o
c onduct
t he
b usiness
o f
t he
L LC.
Any
Manager
can
take
any
appropriate
action
on
behalf
of
the
LLC,
including,
but
not
limited
to
signing
checks,
executing
leases,
and
signing
l oan
d ocuments
e xcept
f or
d ecisions
c oncerning
d istributions.
With
or
without
the
notice
of
a
meeting,
the
action
of
the
Manager
shall
be
based
on
a
majority
vote
of
the
Managers
when
determining
the
t iming
a nd
t otal
a mount
o f
d istribution
t o
t he
M embers.
The
compensation
to
the
Manager(s)
shall
be
in
the
discretion
of
the
majority
o f
t he
M embers
o f
t he
L LC.
XII.
OFFICERS
AND
RELATING
PROVISIONS.
If
the
Members
decide
to
manage
t he
L LC,
r ather
t han
a ppointing
a
M anager,
t he
M embers
s hall
appoint
o fficers
f or
t he
L LC
a nd
t he
f ollowing
p rovisions
s hall
a pply:
(a)
OFFICERS.
T he
o fficers
o f
t he
L LC
s hall
c onsist
o f
a
p resident,
a
treasurer
a nd
a
s ecretary,
o r
o thers
t hat
m ay
b e
e lected
a nd
appointed
b y
t he
M embers.
A
M ember
m ay
h old
m ore
t han
one
or
all
offices.
The
officers
shall
supervise
the
operation
of
the
LLC
under
the
direction
and
management
of
the
Members,
a s
f urther
d escribed
b elow.
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Parent category: Business