You can open the Operating Agreement LLC Michigan Template in multiple formats, including PDF, Word, and Google Docs.
Operating Agreement LLC Michigan Template Printable | Editable FormSample
[Name of the Member 1]
[Member 1 ID]
[Member 1 Address]
[Member 1 Phone]
[Member 1 Email]
[Name of the Member 2]
[Member 2 ID]
[Member 2 Address]
This Operating Agreement (“Agreement”) is entered into as of [Date], by and among the Members listed above for the purpose of governing the operations of a Limited Liability Company under the laws of the State of Michigan.
1.1 The Members hereby form a Limited Liability Company pursuant to the Michigan Limited Liability Company Act (the “Act”). The name of the LLC is [LLC Name].
2.1 The purpose of the LLC is to engage in any lawful business permitted under the laws of the State of Michigan and to undertake any other activities necessary or incidental to the business of the LLC.
3.1 The Members hold the following Percentage Interests in the LLC:
[Member 1 Name]: [Percentage]%
[Member 2 Name]: [Percentage]%
4.1 The management of the LLC shall be vested in its Members. Decisions shall be made by a majority vote of the Members unless otherwise specified in the Agreement.
5.1 Each Member shall make an initial capital contribution as follows:
[Member 1 Name]: [Amount]
[Member 2 Name]: [Amount]
6.1 Distributions of cash or other assets shall be made to the Members in proportion to their Percentage Interests.
7.1 The LLC shall indemnify any Member or manager against any liability incurred in connection with the LLC, except for gross negligence or willful misconduct.
8.1 This Agreement may be amended only by a written agreement signed by all Members.
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Name of Member 1]
[Member 1 ID]
[Member 1 Address]
[Member 1 Phone]
[Member 1 Email]
[Name of Member 2]
[Member 2 ID]
[Member 2 Address]
This Operating Agreement (“Agreement”) is made as of [Date], by and among the Members for managing the business activities of a Michigan Limited Liability Company.
1.1 The name of the LLC is [LLC Name], and its principal office shall be located at [Address].
2.1 The LLC is created for the purpose of providing [Specific Business Purpose] and any lawful activity prohibited by the Act.
3.1 The ownership interests of the Members are defined as follows:
[Member 1 Name]: [Percentage]%
[Member 2 Name]: [Percentage]%
4.1 The LLC will be managed by its Members, with decisions made based on a consensus or by majority vote as agreed upon in this Operating Agreement.
5.1 Members will contribute capital as follows:
[Member 1 Name]: [Amount]
[Member 2 Name]: [Amount]
6.1 Profits and losses shall be allocated to the Members in accordance with their ownership interests.
7.1 The LLC shall indemnify its Members to the fullest extent permitted by law against any losses or damages incurred in connection with the LLC.
8.1 This Agreement may be modified or amended in writing, signed by all Members.
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Form
Please complete the form below to create the Operating Agreement LLC Michigan Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. Operating Agreement LLC Michigan Template 1. LLC Information 2. Member Information 3. Purpose of the LLC 4. Duration of the LLC 5. Management Structure 6. Capital Contributions 7. Distributions of Profits and Losses 8. Indemnification 9. Amendment Procedures 10. Governing Law 11. Signatures and Acceptance 12. Declaration and Signatures
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Operating Agreement LLC Michigan Template Printable | Editable FormPrintable
