PLLC Operating Agreement

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

I. Formation and Name

This Professional Limited Liability Company Operating Agreement (the "Agreement") is made and entered into as of this {{day}} day of {{month}}, {{year}}, by and among the undersigned Members (as defined herein).

The name of the Professional Limited Liability Company is {{pllc_name}} (the "Company"). The Company is organized under the laws of {{jurisdiction}}.

II. Purpose and Professional Services

The purpose of the Company is to engage in the practice of {{profession}}, and to do all things necessary, suitable, or proper for the accomplishment of this purpose. The Company's professional services shall be rendered exclusively by its Members, managers, and employees who are duly licensed or otherwise legally authorised to render such professional services in {{jurisdiction}}.

III. Membership and Capital Contributions

The initial Members of the Company and their respective capital contributions are set forth in Schedule A attached hereto. Each Member agrees to contribute capital to the Company as specified in Schedule A. No Member shall be required to make any additional capital contributions without the express written consent of all Members.

IV. Management and Voting

The management of the Company shall be vested in (choose one): [ ] its Members, or [ ] a Manager or Managers appointed by the Members. If managed by Members, all Members shall have equal rights in the management and conduct of the Company's business. If managed by Managers, the initial Manager(s) shall be {{manager_names}}.

Unless otherwise specified in this Agreement, decisions requiring Member approval shall be made by (choose one): [ ] a majority vote of the Members, or [ ] a supermajority vote (e.g., two-thirds) of the Members. Each Member shall have voting power proportionate to their ownership interest, as set forth in Schedule A.

V. Distributions

Distributable cash and other assets of the Company shall be distributed to the Members at such times and in such amounts as determined by the Members or Manager(s), in proportion to their respective ownership interests, after payment of all Company expenses and liabilities.

VI. Admission of New Members

New Members may be admitted to the Company only upon the unanimous written consent of all existing Members. Any new Member must meet the professional licensing requirements of {{jurisdiction}} for the practice of {{profession}} and shall execute an Adoption Agreement to this Operating Agreement.

VII. Dissolution of the Company

The Company shall be dissolved upon (choose one): [ ] the unanimous written consent of all Members, or [ ] the occurrence of a specified event, such as {{dissolution_event}}, or [ ] by operation of law. Upon dissolution, the Company's assets shall be liquidated, and the proceeds distributed to creditors and then to Members in proportion to their capital accounts.

VIII. Governing Law

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

IX. 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, both written and oral.

Signature Block

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

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{{member_name_1}}

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{{member_name_2}}

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