Limited Liability Company Operating Agreement For A Limited Liability Company Page 3
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12IX.
INITIAL
M EMBERS.
The
i nitial
M ember
o f
t he
L LC,
t heir
i nitial
c apital
contributions,
a nd
t heir
p ercentage
i nterest
i n
t he
L LC
a re
a s
f ollows:
Capital
Percentage
Members
Contribution
Interest
i n
L LC
(If
a ny)
X.
ADDITIONAL
M EMBERS.
U pon
t he
c onsent
o f
t he
s ole
M ember
a nd
in
c ompliance
w ith
t he
p rovisions
o f
t his
a greement,
n ew
m embers
may
b e
a dmitted.
XI.
MANAGEMENT.
The
Member
has
elected
to
manage
the
LLC
as
follows
( check
a s
a ppropriate):
The
m anagement
o f
t he
L LC
s hall
b e
v ested
i n
t he
M ember
w ithout
an
a ppointed
m anager.
T he
M ember
s hall
e lect
a n
o fficer(s)
w ho
s hall
manage
t he
c ompany.
T he
P resident
a nd
S ecretary
m ay
a ct
f or
a nd
o n
behalf
of
the
LLC
and
shall
have
the
power
and
authority
to
bind
the
LLC
i n
a ll
t ransactions
a nd
b usiness
d ealings
o f
a ny
k ind
a s
o therwise
provided
i n
t his
A greement.
The
M ember
s hall
h ereby
d elegate
t he
m anagement
o f
t he
L LC
to
M anager(s),
s ubject
t o
t he
l imitations
s et
o ut
i n
t his
a greement.
There
s hall
b e
_ _________
i nitial
M anagers.
# of Managers
The
i nitial
M anager
i s:
________________________________________________________________________________
First
Middle
Last
________________________________________________________________________________
First
Middle
Last
________________________________________________________________________________
First
Middle
Last
A
Manager
shall
hold
their
position
until
the
Member
elects
a
successor.
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