Company Operating Agreement Template – US

Disclaimer

The following document serves as a formal outline of the rules and agreements governing the operation and management of the business entity. It is provided for informational purposes only and does not replace legal counsel. Legal requirements may differ depending on jurisdiction, and it is recommended to consult a qualified attorney experienced in corporate law to ensure compliance. The user assumes all responsibility for implementing and interpreting the guidelines, and the provider accepts no liability for errors, omissions, or consequences resulting from reliance on this document without professional review.

Please note: This is a sample template for a Company Operating Agreement in the United States, provided for illustrative purposes only. Actual agreements may vary based on specific circumstances and legal requirements.

Company Operating Agreement Sample (US)

Parties:

Member 1: ABC Holdings LLC
Address: 123 Business Rd., New York, NY 10001

Member 2: XYZ Investors Inc.
Address: 456 Commerce St., Los Angeles, CA 90001

Purpose:

The purpose of this limited liability company (LLC) is to engage in the business of real estate investment, development, and management, as specified herein.

Capital Contributions:

Members shall contribute capital as mutually agreed upon, with contributions documented in Schedule A attached hereto.

Management Structure:

The company shall be managed by its members unless otherwise specified. Decisions shall require approval by a majority (or specified percentage) of members.

Profit and Loss Sharing:

Profits and losses shall be allocated in proportion to each member’s percentage interest, as detailed in Schedule B.

Dissolution:

The company may be dissolved upon agreement of members, with distribution of assets in accordance with ownership interests.

Governing Law:

This agreement shall be governed by the laws of the State of New York, applicable to agreements made and to be performed therein.

Additional Provisions:

• Any amendments to this agreement must be in writing and signed by all Members.
• Members agree to maintain accurate records and make financial statements available upon request.
• This agreement does not restrict Members from engaging in other business activities unless explicitly stated herein.

New York, ______________________