All formsCompany Information: Enter the LLC name, state of formation, and date of organization
Members: List all members with their ownership percentages and capital contributions
Management Structure: Define whether the LLC is member-managed or manager-managed
Distributions: Set the schedule and method for distributing profits to members
Voting: Specify voting rights (typically proportional to ownership)
Transfer Restrictions: Define rules for selling or transferring membership interests
Dissolution: Outline the events that trigger dissolution and the wind-down process
Businessdocx
LLC Operating Agreement
Internal governance document for an LLC that defines member rights, profit distribution, management structure, and procedures for adding or removing members.
Instructions
Instructions
Note: Even single-member LLCs should have an operating agreement. It strengthens liability protection.