Operating Agreement Of Llc
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17OPERATING AGREEMENT
OF
________________
LLC,
[Instructions: Insert LLC name]
a ______________
Limited Liability Company
[Instructions: Insert state]
THIS
OPERATING
AGREEMENT
(the
“Agreement”)
is
entered
into
as
of
__________________, [Instructions: Insert the date of this agreement] by and between the
members listed herein (henceforth, the “Members”), the signatories to this Agreement.
WHEREAS, on ________________ [Instructions: Insert the date of LLC formation]
____________________ [Instructions: Insert LLC name] LLC (the “Company”) was formed
as a limited liability company in the State of ________________ [Instructions: Insert the state
of LLC formation] under the ____________________ [Instructions: Insert the state’s LLC
statute] (the “Act”);
WHEREAS, the Members desire to enter into this Agreement to provide for the governance and
management of the Company and set forth in detail forth their rights and liabilities as members,
and to provide for certain other matters, all as permitted under the Act.
NOW, THEREFORE, in consideration of the mutual promises, covenants, and undertakings
specified herein with the intent to be obligated both legally and equitably, the parties agree as
follows:
1.
COMPANY
a.
Formation. The Members formed a _______________ [Instructions: Insert the
state of LLC formation] limited liability company pursuant to the Act and that they are the
initial Members of the limited liability company known as ______________ [Instructions:
Insert LLC name] LLC, organized under the laws of the State of _______________,
[Instructions: Insert the state of LLC formation] whose articles of organization (the
“Articles”) were filed with the Secretary of State, effective ________________. [Instructions:
Insert the date the articles of organization were filed with the state] In connection with the
execution of this Agreement, the Members will execute any further documents and take further
actions as are appropriate to comply with the requirements of law for the formation and
operation of a limited liability company in all places where Company may conduct its business.
b.
Name. The name of the Company is __________________ [Instructions: Insert
LLC name] LLC.
c.
Required Number of Members. Company will at all times have at least of
__________ (___) [Instructions: Insert the minimum number of members the LLC must
have] members.
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