Operating Agreement For ____________, LLC
A California Limited Liability Company
This Operating Agreement (the "Agreement") is made effective as of ______, by and among and
those Persons (the “Members”) identified in Exhibit A.
In consideration of the mutual covenants and conditions herein, the Members agree as follows:
ARTICLE I
ORGANIZATION
1.1 Formation and Qualification. The Members have formed a limited liability company
(the “Company”) under the California Limited Liability Company Act (currently Chapter 18 of Title
6 of the California Code) (the "Act") by filing Articles of Organization with the California Secretary
of State.
1.2 Governing Law. This Agreement shall be governed by and construed and interpreted in
accordance with the laws of the State of California, including the California Limited Liability
Company Act, (the "Act") as amended from time to time, without regard to California's conflicts of
laws principles. The rights and liabilities of the Members shall be determined pursuant to the Act and
this Agreement. To the extent that any provision of this Agreement is inconsistent with any
provision of the Act, this Agreement shall govern to the extent permitted by the Act.
1.3 Name. The name of the Company shall be " ___________, LLC." The business of the
Company may be conducted under that name or, on compliance with applicable laws, any other
name that the Voting Members deem appropriate or advisable. The Voting Members on behalf of
the Company shall file any certificates, articles, fictitious business name statements and the like, and
any amendments and supplements thereto, as the voting Members consider appropriate or advisable.
1.4 Term. The term of the Company commenced on the filing of the Articles of
Organization and shall be perpetual unless dissolved as provided in this Agreement.
1.5 Office and Agent. The principal office of the Company shall be at such place or places
of business within or without the State of California as the Voting Members may determine. The
Company shall continuously maintain a registered agent in the State of California as required by the
Act. The registered agent shall be as stated in the Certificate or as otherwise determined by the
Voting Members.
1.6 Purpose of Company. The purpose of the Company is to engage in all lawful activities,
including, but not limited to the following activities:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
ARTICLE II
MEMBERSHIP INTERTESTS, VOTING AND MANAGEMENT
Section 2.1 Initial Members. The initial Members of the Company are the Members who
are identified in Exhibit A.