LLC Operating Agreement

An LLC operating agreement outlines the owners (members) of a company and how it will be run on a day-to-day basis.

Enter your Company Name

What is the BUSINESS PURPOSE of the LLC?

To engage in and conduct any and all lawful business Other

Most will choose a broad description to not limit their business practices.

The Business Purpose of the LLC is:

Where was the LLC formed?

The state where it was created.

LLC's Principal Place of Business

Street Address

Address Line 2

City

State

ZIP Code

Principal Place of Business the primary location where its business is performed.

Is the Mailing Address the SAME as the Principal Place of Business?

Yes No

LLC's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Do you know when the LLC was formed?

Yes No

Also known as the "Formation Date" or when the LLC went into existence. This is commonly found on your Articles of Organization that was issued by the State after being filed.

Formation Date

Type of LLC?

Single-Member (1 owner) Multi-Member (2+ owners)

Who is the Owner of the LLC?

Since a single-member was selected, there is only 1 owner of the LLC (owns 100%).

Owner's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

How many Members are there in the LLC? Members

Members are owners of the LLC.

1st Member's Name

1st Member's Ownership %

1st Member's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

2nd Member's Name

2nd Member's Ownership %

2nd Member's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

3rd Member's Name

3rd Member's Ownership %

3rd Member's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

4th Member's Name

4th Member's Ownership %

4th Member's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

5th Member's Name

5th Member's Ownership %

5th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

6th Member's Name

6th Member's Ownership %

6th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

7th Member's Name

7th Member's Ownership %

7th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

8th Member's Name

8th Member's Ownership %

8th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

9th Member's Name

9th Member's Ownership %

9th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

10th Member's Name

10th Member's Ownership %

10th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

11th Member's Name

11th Member's Ownership

11th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

12th Member's Name

12th Member's Ownership %

12th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

13th Member's Name

13th Member's Ownership %

13th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

14th Member's Name

14th Member's Ownership %

14th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

15th Member's Name

15th Member's Ownership %

15th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

16th Member's Name

16th Member's Ownership %

16th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

17th Member's Name

17th Member's Ownership %

17th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

18th Member's Name

18th Member's Ownership %

18th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

19th Member's Name

19th Member's Ownership %

19th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

20th Member's Name

20th Member's Ownership %

20th Member's Address

Street Address

Address Line 2

City

State

ZIP Code

Capital Contributions

Will the Member be making a Capital Contribution to the LLC?

Yes No

Capital contributions are cash or assets given to a company in exchange for ownership in the company. Depending on the contribution, it may be paid back to the Member before any profits are paid.

Enter the Capital Contributions made by the Single-Member:

Be sure to describe the Item and its Value ($).

Is this Capital Contribution to be PAID BACK to the Member?

Yes No

If the Capital Contribution is to be paid back to the Member, it will be paid before any profits are distributed.

Will any of the Members be making a Capital Contribution to the LLC?

Yes No

Capital contributions are cash or assets given to a company in exchange for ownership in the company. Depending on the contribution, it may be paid back to the Member before any profits are paid.

How many of the Members will be making Capital Contributions? Member(s)

Contributor's Name

Enter the Member's Name that will be making a Capital Contribution.

Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as a payment for the Member's ownership interest in the LLC.

2nd Contributor's Name

2nd Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as a payment for the Member's ownership interest in the LLC.

3rd Contributor's Name

3rd Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

4th Contributor's Name

4th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

5th Contributor's Name

5th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

6th Contributor's Name

6th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

7th Contributor's Name

7th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

8th Contributor's Name

8th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

9th Contributor's name

9th Member's Contribution

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

10th Contributor's Name

10th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

11th Contributor's Name

11th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

12th Contributor's Name

12th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

13th Contributor's Name

13th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

14th Contributor's Name

Please enter some text.

14th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

15th Contributor's Name

15th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

16th Contributor's Name

16th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

17th Contributor's Name

17th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

18th Contributor's Name

18th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

19th Contributor's Name

19 Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

20th Contributor's Name

20th Member's Contribution:

Be sure to describe the item being contributed and its value ($).

Is this Capital Contribution to be PAID BACK to this Member?

Yes No

If Yes, the Capital Contribution is to be paid back to the Member before any profits are distributed.

If No, the Capital Contribution will be viewed as payment for the Member's ownership interest in the LLC.

Registered Agent

A Registered Agent is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons.

Will the Single-Member be the Registered Agent for the Company?

Yes No (recommended)

It is recommended, although not required, for the Registered Agent to be the Single-Member's attorney.

Will the Registered Agent Mailing Address be the SAME as the Principal Place of Business?

Yes No

Registered Agent Office Address sin same

Street Address

Address Line 2

City

State

ZIP Code

Who is the Registered Agent?

Registered Agent Office Address

Street Address

Address Line 2

City

State

ZIP Code

Who is the Registered Agent?

Registered Agent Office Address

Street Address

Address Line 2

City

State

ZIP Code

Tax Status

The LLC will file Taxes as a

Sole Proprietorship S-Corporation (recommended if there will be employees) C-Corporation

If the LLC decides to file as a C-Corporation, then Form 8832 must be filed with the IRS

I Understand

Download: IRS Form 8832

If the LLC decides to file as an S-Corporation, then Form 8832 must be filed with the IRS

I Understand

Download: IRS Form 8832

The LLC will be Taxed as a

Partnership S-Corporation (recommended if there will be employees) C-Corporation Other

LLC will be taxed as a

If the LLC decides to file as a C-Corporation, then Form 8832 must be filed with the IRS

I Understand

Download: IRS Form 8832

If the LLC decides to file as an S-Corporation, then Form 8832 must be filed with the IRS

I Understand

Download: IRS Form 8832

LLC Management

The LLC will be managed by

the Single-Member a Manager

The LLC will be managed by

the Members a Manager

LLC for a Temporary Period

Will the LLC be TERMINATED on a Specific Date?

Yes No

This is common for a seasonal business or if it will operate on a temporary basis.

Date of Termination

Day when the LLC will cease its operations.

Profit Distribution

Business Decisions

Business Decisions of the LLC will be made by

Majority Vote (51%) of the Members' Ownership Interest Unanimous Vote (100%) of the Members' Ownership Interest Other

Business Decisions will be made by

Assignment

Can a Member ASSIGN or TRANSFER their LLC ownership interest?

Yes (no restrictions) Only with a vote Majority Vote (51%) of the Members' Ownership Interest Only with a vote Unanimous Vote (100%) of the Members' Ownership Interest

This is to assign or transfer their ownership percentage (%) to someone within or outside the LLC.

This is NOT to sell the Members' ownership-interest.

Member Withdrawal

Can a Member Withdraw from the Company?

Yes, with No Restrictions Only with a vote Majority Vote (51%) of the Members' Ownership Interest Only with a vote Unanimous Vote (100%) of the Members' Ownership Interest

Member Withdrawal is when an owner wants to leave an LLC and give up their ownership, that Member gives notice to the LLC.

New Members

New Members may be added to the Company with

No Restrictions Approval by a Majority Vote (51%) of the Members' Ownership Interest Approval by a Unanimous Vote (100%) of the Members' Ownership Interest

Certificates of Ownership

Should a Certificate of Issuance be made to each Member of the LLC?

Yes No

If No, the Operating Agreement will serve as the evidence for each Member's ownership interest.

Annual Meeting

Annual Meeting will be on the Day

of

This can be changed at any time after the operating agreement is finalized.

Date of Agreement

Date of this Operating Agreement

Usually today's date.