Llc Operating Agreement Template – US

Disclaimer

The provided content serves solely as a general example related to the formation and operation of limited liability companies in the United States. 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 company formation. Regulations and requirements may vary by jurisdiction, and modifications might be necessary to ensure compliance with local laws. The use of this example is at the user’s own risk, and we assume no liability for any errors, omissions, or consequences arising from its use without professional legal review.

Please note: This is a sample LLC Operating Agreement template for informational purposes only. Actual terms may differ based on specific arrangements and applicable laws.

Sample LLC Operating Agreement Template

Parties Involved:

Member 1: John Doe
Address: 123 Main Street, Anytown, CA 90210

Member 2: Jane Smith
Address: 456 Oak Avenue, Somecity, CA 90001

Formation and Purpose:

This Limited Liability Company (LLC) was formed on [Date] under the laws of the State of California, primarily to engage in [business purpose or activity].

Capital Contributions:

Members agree to contribute capital as follows: Member 1: $10,000; Member 2: $10,000. Additional contributions shall be made as agreed upon in writing.

Management:

The LLC shall be managed by [members/managers], with decisions made by [vote percentage or unanimity].

Profits and Losses:

Profits and losses shall be allocated among members in proportion to their capital contributions unless otherwise agreed.

Distributions:

Distributions of profits shall be made periodically, in accordance with the members’ ownership percentages and applicable laws.

Dissolution:

The LLC may be dissolved upon written agreement of members, insolvency, or other events as specified herein.

Governing Law:

This Agreement shall be governed by the laws of the State of California. Disputes shall be resolved within the courts of [specific jurisdiction].

Amendments:

This Agreement may be amended only by written consent of all members.