Limited Liability Company Operating Agreement For An Arizona Llc Page 3
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15VII.
FISCAL
Y EAR.
T he
L LC’s
f iscal
a nd
t ax
y ear
s hall
e nd
_ __________________.
Date
VIII.
DURATION.
The
L LC
w ill
c ommence
b usiness
a s
o f
t he
d ate
o f
f iling
and
w ill
c ontinue
i n
p erpetuity.
IX.
INITIAL
M EMBERS.
The
i nitial
M embers
o f
t he
L LC,
t heir
i nitial
capital
c ontributions,
a nd
t heir
p ercentage
i nterest
i n
t he
L LC
a re
a s
follows:
Capital
Percentage
Members
Contribution
Interest
i n
L LC
(If
a ny)
X.
ADDITIONAL
M EMBERS.
U pon
t he
c onsent
o f
a
m ajority
o f
t he
Members
a nd
i n
c ompliance
w ith
t he
p rovisions
o f
t his
a greement,
new
m embers
m ay
b e
a dmitted.
XI.
MANAGEMENT.
The
Members
have
elected
to
manage
the
LLC
as
follows
( check
a s
a ppropriate):
The
management
of
the
LLC
shall
be
vested
in
the
Members
without
an
appointed
manager.
The
Members
shall
elect
officers
who
shall
manage
the
company.
The
President
and
Secretary
may
act
for
and
on
behalf
of
the
LLC
and
shall
have
the
power
and
authority
to
bind
the
LLC
in
all
transactions
and
business
dealings
of
any
kind
as
otherwise
p rovided
i n
t his
A greement.
The
Members
hereby
delegate
the
management
of
the
LLC
to
Managers(s),
s ubject
t o
t he
l imitations
s et
o ut
i n
t his
a greement.
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