Template For Operating Agreement

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Template For Operating Agreement

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Template For Operating Agreement (1)
Effective Date:
[Effective Date]
Company Name:
[Name of the Company]
Principal Office:
[Address of Principal Office]
Members:
[Name of Member 1] – [Member 1 ID] – [Member 1 Address]
[Name of Member 2] – [Member 2 ID] – [Member 2 Address]
Background:
This Operating Agreement outlines the management structure, responsibilities, and operating procedures for the efficient running of [Name of the Company].
Article I: Formation
The Members hereby form a limited liability company pursuant to the laws of [State/Country], under the name [Name of the Company].
Article II: Purpose
The purpose of the Company is to engage in [Describe the business activities].
Article III: Management
The management of the Company shall be vested in [Specify if it will be managed by Members or Managers].
Article IV: Capital Contributions
Each Member’s initial capital contribution shall be as follows: [Specify contributions from each Member].
Article V: Distributions
Profits and losses shall be allocated to Members in proportion to their respective percentage interests in the Company.
Article VI: Indemnification
The Company shall indemnify its Members and Managers to the fullest extent permitted by law.
Article VII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed this [Date], in [City].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Template For Operating Agreement (2)
Effective Date:
[Effective Date]
Company Name:
[Name of the Company]
Principal Place of Business:
[Principal Place of Business Address]
Members:
[Name of Member 1] – [Member 1 ID] – [Member 1 Address]
[Name of Member 2] – [Member 2 ID] – [Member 2 Address]
Article I: Formation
The Members form a limited liability company under the laws of [State/Country], and adopt this Operating Agreement as the governing document for the Company.
Article II: Purpose
The purpose of the Company is to conduct any lawful business permitted under [State/Country] law.
Article III: Management Structure
The Company shall be managed by [Specify Managers or Members’ management].
Article IV: Initial Contributions
The Members agree to make initial contributions as follows: [Detail contributions from Members].
Article V: Distribution of Profits
Profits and losses shall be allocated to the Members based on their ownership percentages.
Article VI: Indemnification Provision
Members shall be indemnified against any claims, losses, or liabilities incurred in connection with the Company.
Article VII: Amendment Procedure
This Agreement can be amended only when agreed to in writing by all Members.
Executed in [City], on [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

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Please complete the form below to create the Operating Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Profits and Losses Allocation

5. Management Structure

6. Voting Rights

7. Meetings

8. Indemnification

9. Amendments

10. Miscellaneous Provisions

11. Signatures and Acceptance

12. Declaration and Signatures



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Template For Operating Agreement

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Template For Operating Agreement