Multi Member Operating Agreement Template

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Sample

Multi Member Operating Agreement Template

Printable | Editable Form




Multi Member Operating Agreement Template (1)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
And:
[Name of Member 3]
[Member 3’s ID]
[Member 3’s Address]
Introduction:
This Operating Agreement is entered into on [Date] to govern the affairs of [Company Name], a Limited Liability Company formed under the laws of [State].
Article I: Formation
The Members hereby form a Limited Liability Company (the “Company”) pursuant to the laws of [State].
Article II: Purpose
The purpose of the Company is to engage in [Describe business activities] and any other lawful business permissible under [State] law.
Article III: Members
The Members of the Company are as follows: [List Members and respective ownership percentages].
Article IV: Management
The management of the Company shall be vested in its Members. Decisions shall be made by [Majority or Unanimous] decision of the Members.
Article V: Distribution of Profits and Losses
Profits and losses shall be allocated to the Members in proportion to their percentage interests in the Company.
Article VI: Indemnification
The Company shall indemnify any Member for actions taken in good faith on behalf of the Company.
Article VII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Signature of Member 3]
[Name of Member 3]
Multi Member Operating Agreement Template (2)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
And:
[Name of Member 3]
[Member 3’s ID]
[Member 3’s Address]
Introduction:
This Operating Agreement is entered into as of [Date] to establish guidelines for the management and operation of [Company Name].
Article I: Name
The name of the Limited Liability Company shall be [Company Name].
Article II: Purpose
The primary purpose of the Company is to [Outline specific business activities and objectives].
Article III: Contributions
Each Member shall make an initial capital contribution as follows: [Detail the contributions of each Member].
Article IV: Management Responsibilities
The management responsibilities of each Member are as follows: [List roles and responsibilities].
Article V: Voting Procedures
Each Member shall have voting rights proportional to their ownership interest in the Company.
Article VI: Transfer of Interests
No Member may transfer their interest in the Company without the unanimous consent of the other Members.
Article VII: Dissolution
The Company may be dissolved upon unanimous agreement of the Members or by law.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Signature of Member 3]
[Name of Member 3]

Form

Please complete the form below to create the Multi Member 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.

Multi Member Operating Agreement Template

1. Company Information


2. Member Information



3. Purpose of the Company

4. Capital Contributions

5. Distribution of Profits and Losses

6. Management Structure

7. Meetings

8. Amendments

9. Indemnification

10. Governing Law

11. Signatures and Acceptance

12. Member Acknowledgments




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Multi Member Operating Agreement Template

Printable | Editable Form




Multi Member Operating Agreement Template