Llc Operating Agreement Template Massachusetts

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LLC Operating Agreement Template Massachusetts

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LLC Operating Agreement Template Massachusetts (1)
Between:
[Name of the Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of the Member 2]
[Member 2’s ID]
[Member 2’s Address]
Introduction:
This Operating Agreement is made effective as of [Date], by and among the members listed above, for the purpose of regulating the affairs of an LLC formed under the laws of Massachusetts.
Article I: Formation
The Members hereby organize a Limited Liability Company (the “Company”) under the laws of the Commonwealth of Massachusetts and agree to the terms set forth in this agreement.
Article II: Purpose
The purpose of the Company is to conduct any lawful business permitted under Massachusetts law, including but not limited to: [Specify business purpose].
Article III: Members and Contributions
The Members agree to contribute the following capital: [Member 1: Specify contribution], [Member 2: Specify contribution].
Article IV: Management
The management of the Company shall be vested in the Members. Decisions shall require the approval of a majority of the Members unless otherwise stated.
Article V: Distributions
Distributions shall be made to the Members at such times and in such amounts as determined by the Members, based on their respective percentage interests in the Company: [Specify interests].
Article VI: Meetings
Regular meetings shall be held [Specify schedule]. Special meetings may be called by any Member upon [Specify notice requirement].
Article VII: Indemnification
The Company shall indemnify any Member or Manager for losses incurred in connection with the Company to the fullest extent permitted by law.
Article VIII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Executed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
LLC Operating Agreement Template Massachusetts (2)
Between:
[Name of the Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of the Member 2]
[Member 2’s ID]
[Member 2’s Address]
Introduction:
This Operating Agreement is entered into as of [Date] by the Members for the purpose of forming a Limited Liability Company in compliance with Massachusetts law.
Article I: Company Name
The name of the Company shall be [Specify Company Name].
Article II: Principal Office
The principal office of the Company shall be located at [Specify Address].
Article III: Term
The term of the Company shall commence on the filing of the Articles of Organization and shall continue until dissolved.
Article IV: Voting Rights
Voting rights of the Members shall be proportional to their capital contributions and shall be exercised in accordance with this Agreement.
Article V: Fiscal Matters
The fiscal year of the Company shall end on the 31st day of December each year.
Article VI: Records
The Company shall maintain complete and accurate records of its business and affairs.
Article VII: Dissolution
The Company may be dissolved upon the consent of Members holding a majority of the interests in the Company or other events as specified by law.
Article VIII: Governing Law
This Agreement shall be governed by the laws of the Commonwealth of Massachusetts.
Executed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

Form

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

LLC Operating Agreement Template for Massachusetts

1. LLC Information


2. Member Information


3. Purpose of the LLC

4. Management Structure

5. Capital Contributions

6. Profit and Loss Distribution

7. Meetings and Voting

8. Amendment Procedures

9. Indemnification

10. Dissolution of the LLC

11. Signatures and Acceptance

12. Declaration and Signatures



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Printable

LLC Operating Agreement Template Massachusetts

Printable | Editable Form




Llc Operating Agreement Template Massachusetts