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This Operating Agreement (“Agreement”), dated as of the __ day of _____, 20__, is made by _____________ (the “Member”).
The Member hereby adopts this agreement as the “Operating Agreement” of _________________ LLC (the “Company”) to set forth the rules, regulations, and provisions regarding the management and the business of the Company, the governance of the Company, the conduct of its business, and the rights and privileges of its Member.
NOW, THEREFORE, the Member and the Company, intending to be legally bound, hereby agree as follows:
ARTICLE I
Formation, Name, Principal Place of Business, and Term
ARTICLE II
Purpose and Powers of the Company
ARTICLE III
Capital Contributions, Capital Accounts, and Voting Rights
ARTICLE IV
Profits, Losses, and Distributions
ARTICLE V
Management
ARTICLE VI
Books and Records
ARTICLE VII
Admission of New Members
ARTICLE VIII
Dissolution
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.
Signature: _________________________
Member Name: _________________________
Date: _________________________
EXHIBIT A
Member Initial Capital Contribution Percentage Interest
[Name of Member] $______________ _________%
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