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Nevada Multi-Member LLC Operating Agreement Form

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The Nevada multi-member LLC operating agreement is a legal document that is an agreement between the contributing, managing members of a business, that will set forth the various relationships among members and establish various procedures and policies of the business. The document will have the ability to address any issues regarding the functionality of the company on all levels.

By completing the form and filing it with the state, the members will also establish protection of their personal assets and financial accounts in the event of bankruptcy, litigation or any kind of business failure. There will also be tax benefits that would not be available without implementation of the document

How to Write

Step 1 – Download the document and place the company name at the top of the document

Step 2 – The Agreement – Enter the following:

  • A date that the document shall become effective in, mm/dd/yyyy
  •  All members names

Step 3 –The Company – Members must review the following titles. Provide:

Formation –

  • The date of commencement of the agreement – mm/dd/yyyy
  • The company name
  • The company name that shall be used when conducting the principal business

Name –

  • Submit the name that will be used to conduct the company’s business
  • Purpose – Review the statement

Office –

  • Submit the address to be maintained while performing the principal business

Registered Agent –

  • Submit the full name of the agent who was initially registered
  • Enter the registered address of the office where the business shall be located and maintained

Term –

  • Submit the date of commencement –(mm/dd/yyyy)

Read the last titles in this section:

  • Names and Addresses of Members
  • Admission of Additional Members

Step 4 – Titled Sections and Subsections – The members must review all sections and subsections:

  • Capital Contributions – subsections 2.1 through 2.3
  • Allocations of Profits and Losses;Distributions ( and subsections 3.1 through 3.3)
  • Indemnification
  • Powers and Duties of Managers, Section 5.1, subsections 5.1.1 through 5.3
  • Salaries, Reimbursement and Payment of Expenses (review also subsections 6.1 through 6.3)
  • Books of Account, Accounting Reports, Tax Returns, Fiscal Year, Banking  – 7.1 through 7.4
  • Transfer of Membership Interest – 8.1 and 8.2,subsections 8.2.1 through 8.2.5 – and 8.4 (subsection 8.4.1)  – 8.5 (and subsections 8.5.1 through 8.5.5)
  • Dissolution – Review 9.1  – subsections 9.1.1 through 9.1.4, and 9.2  – subsections 9.2.1 through 9.2.3

Step 5 – General Provisions – Members must review all information contained in the following titles

  • Amendments
  • Governing Law
  • Entire Agreement; Modification
  • Attorney Fees
  • Further Effect
  • Severability
  • Captions
  • Notices

Step 6 – Additional Documents – Member’s Signatures and Acknowledgement – Members, may only submit signatures to the remaining documentation, in the presence of a Notary Public in order that the documentation may be effective –

  • Members, enter printed or typed names
  • Members must enter their respective signatures

Listing of Members – Schedule 1 – Enter the following:

  • At the top of the page, enter the company name
  • A date that the list will be effective dd/m/yy format
  • The members names
  • Member’s addresses
  • Member’s printed or typed names
  • The members signatures

Listing of Capital Contributions -Schedule 2 – Submit:

  • The company name at the top of the page
  • Member’s respective names
  • Member’s contribution ($100.00 minimum required. No further obligation to provide future contributions)
  • Members percentages of interest
  • The date of member’s signatures – (dd/m/yy)
  • Printed or typed members names
  • The member’s signatures

Listing of Valuation of Members Interest – Schedule 3 – Enter:

  • The company name, at the top of the document
  • Member’s names
  • The amount of the member’s Valuation Endorsement
  • Date of the member’s signatures in dd/m/yy format
  • The date of member’s signatures
  • Member signatures – before a notary public

Step 7 – Notarization –

  • Once completed, the notary will then complete the remainder of the document with their information. The notary will sign the document and affix the official seal in acknowledgement

All signatories must receive a copy of the document for their personal record keeping purposes.