LLC Operating Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

LLC Operating Agreement

LLC Operating Agreement

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

1. Formation

This Operating Agreement is made and entered into as of {{effective_date}} by and among the undersigned members concerning the formation and operation of {{company_name}} LLC (the 'Company'), a limited liability company organized under the laws of {{jurisdiction}}.

2. Purpose of the Company

The purpose of the Company is to engage in {{business_purpose}}, and to engage in any and all activities necessary or incidental thereto, as may be approved by the Members.

3. Membership and Capital Contributions

The initial Members of the Company and their respective capital contributions are as follows:

{{member_name_1}}: {{capital_contribution_1}} ({{percentage_ownership_1}}%)

{{member_name_2}}: {{capital_contribution_2}} ({{percentage_ownership_2}}%)

Further capital contributions may be made by Members as agreed upon by a majority vote of the Members.

4. Management and Voting

The management of the Company shall be vested in its Members. All decisions requiring Member approval shall be decided by a {{majority_threshold}}% vote of the Members, unless otherwise specified herein. Each Member shall have voting rights proportionate to their ownership percentage.

5. Distributions

Profits and losses of the Company shall be allocated among the Members in proportion to their respective ownership percentages. Distributions of available cash may be made at such times and in such amounts as determined by a majority vote of the Members.

6. Indemnification

The Company shall indemnify and hold harmless the Members, and their respective officers, directors, employees, and agents, to the fullest extent permitted by law, from and against any and all claims, demands, liabilities, costs, and expenses (including attorneys' fees) incurred by reason of their acts or omissions on behalf of the Company, provided such acts or omissions were performed in good faith and within the scope of their authority.

7. Withdrawal or Death of a Member

In the event of the withdrawal, death, disability, or bankruptcy of a Member, the remaining Members shall have the option to purchase the interest of the departing Member at a fair market value to be determined by an independent appraiser mutually agreed upon by the parties. If the option is not exercised, the Company may be dissolved, or the remaining Members may continue the business as provided by law.

8. Dissolution

The Company shall be dissolved upon the occurrence of any event that terminates the continued membership of a Member in the Company, unless otherwise provided herein. Upon dissolution, the assets of the Company shall be liquidated, and the proceeds distributed in the following order: (a) to creditors of the Company, including Members who are creditors, (b) to repay capital contributions of the Members, and (c) to the Members in proportion to their respective ownership percentages.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

10. Entire Agreement

This Agreement constitutes the entire agreement among the Members with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.

Signatures

IN WITNESS WHEREOF, the undersigned have executed this Operating Agreement as of the date first above written.

_____________________________

{{member_name_1}}

_____________________________

{{member_name_2}}

(Add additional lines as needed for more members)