Llc Ownership Agreement Template

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LLC Ownership Agreement Template

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LLC Ownership Agreement Template (1)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
Introduction:
This document serves to formalize the ownership structure of the LLC formed on [Formation Date], defining the rights and responsibilities of each member.
Clause 1: Name and Purpose
The name of the LLC is [LLC Name]. The purpose of the LLC is to [Specify the business purpose].
Clause 2: Ownership Interests
Member 1 shall hold [Percentage]% ownership, and Member 2 shall hold [Percentage]% ownership of the LLC.
Clause 3: Capital Contributions
Each member agrees to contribute capital as follows: Member 1 will contribute [Amount], and Member 2 will contribute [Amount].
Clause 4: Management and Voting
Management of the LLC shall be vested in [all members/a managing member], with each member entitled to [Voting rights: e.g., one vote per percentage of ownership].
Clause 5: Distribution of Profits and Losses
Profits and losses will be distributed to members in proportion to their ownership percentages calculated annually.
Clause 6: Withdrawal or Addition of Members
Any withdrawal or addition of members must be agreed upon by all existing members and documented in writing.
Clause 7: Governing Law
This agreement will be governed by the laws of [State].
Clause 8: Miscellaneous Provisions
This agreement constitutes the entire agreement among the members and supersedes all prior talks and understandings.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
LLC Ownership Agreement Template (2)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
Introduction:
This agreement outlines the structure and governance of the LLC formed on [Formation Date], establishing the rights and obligations of its members.
Clause 1: LLC Name and Purpose
The LLC is named [LLC Name] and primarily aims to [Specify the business purpose].
Clause 2: Membership Interests
Member 1 shall possess [Percentage]% and Member 2 shall possess [Percentage]% of the ownership interests in the LLC.
Clause 3: Initial Capital Contributions
The initial capital contributions shall be: Member 1 contributes [Amount], Member 2 contributes [Amount].
Clause 4: Decision-Making Process
All key decisions shall require a majority vote of membership interests unless otherwise agreed.
Clause 5: Profit Distribution
Profits and losses shall be allocated based on ownership percentages at the end of each fiscal year.
Clause 6: Changes in Membership
A change in membership requires unanimous consent from all current members and must be documented accordingly.
Clause 7: Governing Jurisdiction
This agreement is subject to the laws of [State].
Clause 8: Entire Agreement
This document constitutes the entire agreement between members and replaces all previous agreements or discussions.
Signed in [City], [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 LLC Ownership Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

LLC Ownership Agreement Template

1. LLC Information


2. Member Information


3. Agreement Details

4. Ownership Structure

5. Capital Contributions

6. Profit and Loss Distribution

7. Management Structure

8. Voting Rights

9. Transfer of Ownership

10. Dissolution Terms

11. Signatures and Acceptance

12. Declaration and Signatures



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LLC Ownership Agreement Template

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Llc Ownership Agreement Template