Georgia Operating Agreement Template

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Sample

Georgia Operating Agreement Template

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Georgia Operating Agreement Template (1)
Between:
[Name of the Company]
[Company’s ID]
[Company’s Address]
And:
[Name of the Member]
[Member’s ID]
[Member’s Address]
Introduction:
This Operating Agreement outlines the governance of the LLC established under the laws of Georgia commencing on [Effective Date].
Article 1: Formation
The Members hereby form a limited liability company named [Name of Company] pursuant to the Georgia Limited Liability Company Act.
Article 2: Purpose
The purpose of the LLC is to engage in any lawful business activity permitted under the laws of Georgia.
Article 3: Members
The Members of the LLC are as follows:
[List Members and their respective ownership percentages].
Article 4: Management
The LLC shall be managed by its Members. Decisions requiring Member approval shall be made by a majority vote of the ownership percentages.
Article 5: Capital Contributions
Each Member shall contribute capital as determined in the initial meeting of the Members:
[Detail contributions].
Article 6: Distributions
Distributions of profits and losses shall be made to the Members in proportion to their respective ownership percentages.
Article 7: Indemnification
The Members agree to indemnify and hold harmless each other from any losses arising out of the LLC’s operations, except in cases of gross negligence or willful misconduct.
Article 8: Governing Law
This agreement shall be governed by and construed in accordance with the laws of the State of Georgia.
Article 9: Amendments
Any amendments to this agreement must be made in writing and signed by all Members.
Executed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Member]
[Name of the Member]
Georgia Operating Agreement Template (2)
Between:
[Name of the Company]
[Company’s ID]
[Company’s Address]
And:
[Name of the Member]
[Member’s ID]
[Member’s Address]
Introduction:
This Agreement sets forth the rights and obligations of the Members of [Name of Company] and governs the operation of the LLC.
Article 1: Formation and Name
This LLC is formed under the name [Name of Company] and will operate in accordance with the Georgia Limited Liability Company Act.
Article 2: Business Purpose
The business of the LLC shall consist of: [Specify business activities].
Article 3: Members and Ownership
The Members of the LLC are as follows:
[List Members and their ownership interests].
Article 4: Management Structure
The LLC will be managed by the Members collectively, with decisions made by majority vote.
Article 5: Capital Contributions
The Members shall make initial capital contributions as follows:
[Detail contributions].
Article 6: Profit and Loss Distribution
Profits and losses shall be allocated to the Members in accordance with their respective ownership percentages.
Article 7: Indemnity
Members shall be indemnified for all liabilities incurred on behalf of the LLC, except for those resulting from their own gross negligence.
Article 8: Governing Law
This Operating Agreement shall be construed in accordance with the laws of the State of Georgia.
Article 9: Modifications
Any modifications to this Agreement must be in writing and signed by all Members.
Executed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Member]
[Name of the Member]

Form

Please complete the form below to create the Georgia 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.

Georgia Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Management Structure

5. Authority of Members

6. Profit and Loss Distribution

7. Meetings and Voting

8. Amendments to Agreement

9. Indemnification Clause

10. Member Signatures


Additional Members:


PDF


WORD

Printable

Georgia Operating Agreement Template

Printable | Editable Form




Georgia Operating Agreement Template