Operating Agreement Llc Utah Template

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Operating Agreement LLC Utah Template

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Operating Agreement LLC Utah Template (1)
Between:
[Name of Member 1]
[Member 1’s Address]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s Address]
[Member 2’s Email]
Effective Date:
This Operating Agreement is effective as of [Effective Date].
Article I: Formation
The Members hereby form a Limited Liability Company (the “Company”) under the laws of the State of Utah.
Article II: Name
The name of the Company shall be [Name of LLC].
Article III: Purpose
The purpose of the Company is to [Specify the business purpose and activities].
Article IV: Members
The initial Members of the Company are as follows:
1. [Name of Member 1] – [Percent Ownership]
2. [Name of Member 2] – [Percent Ownership]
Article V: Management
The Company shall be managed by the Members. Decisions shall be made by majority vote unless otherwise specified in this Agreement.
Article VI: Capital Contributions
Each Member shall contribute capital as follows:
1. [Member 1’s Contribution] – [Amount]
2. [Member 2’s Contribution] – [Amount]
Article VII: Distributions
Profits and losses shall be allocated to the Members in proportion to their ownership percentages as provided in Article IV.
Article VIII: Indemnification
The Company shall indemnify the Members to the fullest extent permitted by law against any losses, liabilities, and expenses incurred in connection with the Company.
Article IX: Amendments
This Agreement may be amended only by 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]
Operating Agreement LLC Utah Template (2)
Between:
[Name of Member 1]
[Member 1’s Address]
[Member 1’s Telephone Number]
And:
[Name of Member 2]
[Member 2’s Address]
[Member 2’s Telephone Number]
Effective Date:
This Operating Agreement shall be effective as of [Effective Date].
Article I: Name of the Company
The name of the Limited Liability Company shall be [Name of LLC].
Article II: Principal Office
The principal office of the Company shall be located at [Address of Principal Office].
Article III: Business Purpose
The Company is established for the purpose of [Specify business purpose].
Article IV: Members and Ownership
The Members of the Company shall be as follows:
1. [Member 1’s Name] – [Percent Ownership]
2. [Member 2’s Name] – [Percent Ownership]
Article V: Management Structure
The Company shall be managed by its Members, and decisions shall require the consent of a majority of the Members.
Article VI: Financial Contributions
Each Member shall contribute the following to the Company:
1. [Member 1’s Contribution] – [Amount]
2. [Member 2’s Contribution] – [Amount]
Article VII: Profit and Loss Allocation
Distributions of profits and losses shall be made to the Members in accordance with their respective percentage interests as outlined in Article IV.
Article VIII: Liability and Indemnification
The Company shall indemnify its Members against any and all claims arising out of the Member’s involvement in the Company.
Article IX: Amendments to the Agreement
Any modifications to this Agreement shall be made in writing and must be 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]

Form

Please complete the form below to create the Operating Agreement LLC Utah 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 LLC Utah Template

1. LLC Information

2. Member Information


3. Purpose of the LLC

4. Term of the LLC

5. Management Structure

6. Distribution of Profits and Losses

7. Meetings and Voting

8. Indemnification

9. Amendments

10. Miscellaneous Provisions

11. Signatures and Acceptance

12. Declaration and Signatures



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Operating Agreement LLC Utah Template

Printable | Editable Form




Operating Agreement Llc Utah Template