Disclaimer
The information provided is intended solely as a general example for understanding the structure and key provisions of a limited liability company operating agreement in the United States, specifically for entities registered in the state of Texas. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in business law or corporate governance. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample LLC Operating Agreement template for Texas, provided for illustrative purposes only. Actual terms should be tailored to specific LLCs and comply with Texas laws.
Sample LLC Operating Agreement – Texas, US
Introduction:
This Operating Agreement (“Agreement”) establishes the rights and responsibilities of the Members of the LLC named ____________________, formed under the laws of Texas. This document outlines the management structure, voting procedures, and other essential provisions.
Members:
Member 1: ____________________, Address: ____________________
Member 2: ____________________, Address: ____________________
Purpose:
The purpose of this LLC is to engage in lawful business activities within Texas, specifically ____________________.
Management Structure:
The LLC shall be managed by [Members/Managers], who shall have the authority to make decisions, sign documents, and oversee daily operations in accordance with this Agreement.
Capital Contributions:
The Members agree to contribute the following capital: Member 1: $________; Member 2: $________. Additional contributions shall require unanimous consent.
Voting Rights:
Each Member shall possess voting power proportional to their percentage interest in the LLC. Decisions shall be made by majority vote unless otherwise specified.
Profit and Loss Sharing:
Profits and losses shall be allocated among Members based on their respective percentage interests, to be distributed quarterly or as determined.
Dissolution:
The LLC may be dissolved upon the unanimous consent of Members or as per Texas law requirements. Upon dissolution, assets shall be distributed in accordance with Member interests.
Amendments:
This Agreement may be amended only by written consent of all Members.
Governing Law:
This Agreement shall be governed by and construed according to the laws of the State of Texas.
Effective Date: ____________________
Member 1
Signature
Member 2
Signature