Michigan Llc Operating Agreement Template

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Sample

Michigan LLC Operating Agreement Template

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Michigan LLC Operating Agreement Template (1)
Between:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
Introduction:
This Operating Agreement outlines the organization and operation of [Name of LLC], established under Michigan law on [Formation Date].
Article I: Formation
The Members hereby form a Limited Liability Company (LLC) in accordance with the Michigan Limited Liability Company Act.
Article II: Name and Principal Office
The name of the LLC is [Name of LLC], and its principal office is located at [Office Address].
Article III: Purpose
The purpose of the LLC is to engage in any lawful business activity permitted under Michigan law.
Article IV: Members
The LLC initially has the following Members: [List all Members and their respective ownership percentages].
Article V: Management
The management of the LLC will be vested in the Members, and decisions will be made by majority vote of the Members.
Article VI: Capital Contributions
Members agree to contribute capital as follows: [Detail the contributions of each Member].
Article VII: Distributions
Distributions of profits and losses will be allocated to the Members in accordance with their ownership interests.
Article VIII: Indemnification
To the fullest extent permitted by law, the LLC shall indemnify the Members from any losses or damages incurred while acting on behalf of the LLC.
Article IX: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Michigan LLC Operating Agreement Template (2)
Between:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
Introduction:
This Operating Agreement governs the operation of [Name of LLC], formed on [Formation Date] under the Michigan Limited Liability Company Act.
Article I: Company Information
The official name of the LLC shall be [Name of LLC], located at [Office Address].
Article II: Business Purpose
The LLC is formed for any lawful purpose permitted under Michigan law, including [List specific business activities].
Article III: Members and Ownership
The LLC consists of the following Members, each holding the specified ownership percentage: [List all Members and their ownership stakes].
Article IV: Voting Rights
Each Member shall have voting rights proportional to their ownership interest, requiring a majority for key decisions.
Article V: Financial Contributions
The Members agree to make financial contributions as follows: [Detail contributions for each Member].
Article VI: Distribution of Profits
Profits and losses will be allocated to the Members based on their respective ownership percentages.
Article VII: Liability Protection
The LLC shall provide Members with protection from personal liability for debts and obligations incurred by the LLC.
Article VIII: Amendment Process
Amendments to this Agreement may be made with the consent of all Members, documented in writing.
Signed 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 Michigan LLC 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.

Michigan LLC Operating Agreement Template

1. LLC Information


2. Member Information


3. Agreement Details

4. Purpose of the LLC

5. Management Structure

6. Capital Contributions

7. Profit and Loss Distribution

8. Voting Rights

9. Meetings

10. Amendments

11. Indemnification

12. Signatures and Acceptance

13. Declaration and Signatures



PDF


WORD

Printable

Michigan LLC Operating Agreement Template

Printable | Editable Form




Michigan Llc Operating Agreement Template