Small Business Operating Agreement Template

You can open the Small Business Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Small Business Operating Agreement Template

Printable | Editable Form




Small Business Operating Agreement Template (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This document outlines the operating agreement for [Name of the Company] created on [Date], to govern the operations and management of the company.
Article 1: Formation
The Member hereby forms a limited liability company (LLC) pursuant to the laws of [State]. The name of the LLC shall be [Name of the Company].
Article 2: Purpose
The purpose of the LLC is to engage in [Describe business activities] and any other lawful business activities permitted under [State] law.
Article 3: Member Contributions
The Member contributions shall be in cash, property, or services as agreed upon, and the initial contribution is as follows: [Specify contributions].
Article 4: Management
The management of the LLC will be vested in the Member, who will have full authority to manage the business, subject to any limitations stated herein.
Article 5: Distribution of Profits and Losses
The profits and losses of the LLC shall be allocated to the Member as follows: [Specify allocation].
Article 6: Withdrawal or Addition of Members
The Member may withdraw with [Specify notice period] written notice. New Members may be added with the unanimous consent of existing Members.
Article 7: Governing Law
This agreement shall be governed by the laws of the state of [State].
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
Small Business Operating Agreement Template (2)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This Operating Agreement is designed to manage and regulate the business operations of [Name of the Company] commenced on [Date].
Article 1: Formation of the LLC
The Member has formed a limited liability company under the laws of [State], named [Name of the Company].
Article 2: Business Purpose
The LLC’s business purpose is to engage in [Define business scope], and any other business activities permissible under [State] law.
Article 3: Capital Contributions
Members shall contribute capital in cash, property, or services in the amounts detailed in Exhibit A attached hereto.
Article 4: Management Structure
The business affairs of the LLC will be managed by the Member, who shall have full authority as defined by this agreement.
Article 5: Profit and Loss Allocation
The profits and losses of the LLC will be allocated to the Member as follows: [Detailed allocation structure].
Article 6: Amendment of Agreement
This agreement may be amended only by a written instrument signed by the Member.
Article 7: Applicable Law
This Agreement will be construed in accordance with and governed by the laws of the state of [State].
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]

Form

Please complete the form below to create the Small Business 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.

Small Business Operating Agreement Template

1. Business Information


2. Member Information


3. Purpose of the Business

4. Management Structure

5. Member Capital Contributions

6. Profit and Loss Distribution

7. Voting Rights and Decision Making

8. Dispute Resolution

9. Amendments to the Agreement

10. Miscellaneous Provisions

11. Declaration and Signatures



PDF


WORD

Printable

Small Business Operating Agreement Template

Printable | Editable Form




Small Business Operating Agreement Template