Washington Multi-Member LLC Operating Agreement Form

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A Washington multi-member LLC operating agreement is a document that would allow a company’s members, to outline the rules and regulations of the company and define the roles that members would serve in the funding and management of a business, among many other services. The state will not require that this document be filed to set forth a business within the state, however, completion of the document shall also provide a level of protection for all managing members, inasmuch as the document creates a separation between the private finance and private assets for all members and the finances and assets of the business.

The form will also state in writing the listing of the members, financial and management contribution, percentage of interest, etc. The form will establish all of the basic information with regard to the standard operating procedures, by all members, who shall then agree to manage while in compliance with these procedures and policies. There are tax advantages available once the document is filed.

How to Write

Step 1 – Provide establishment of the name of the company by submitting the name of the company in the first line at the beginning of the document

Step 2 – The Agreement –

  • Enter the effective date of the document in mm/dd/yyyy format
  • Submit all members’ names

Step 3 – Company – Members must review the following titles and provide the required information as requested and enter:

Formation –

  • The commencement date, in mm/dd/yyyy format
  • Company name

Name –

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

Office –

  • Submit the physical address to be maintained whereas the performance of the principal of the business shall take place

Registered Agent –

  • Enter the full name of the initial registered agent
  • Submit the registered address of the office

Term –

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

Read the last two titles in this section:

  • Names and Addresses of Members
  • Admission of Additional Members

Step 4 – Titled Sections and Subsections – Review the sections and subsections as follows:

  • Capital Contributions (subsections 2.1 through 2.3)
  • Allocations of Profits and Losses; Distributions (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 (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 (subsections 8.5.1 through 8.5.5)
  • Dissolution – Review 9.1  (subsections 9.1.1 through 9.1.4), and 9.2 (and subsections 9.2.1 through 9.2.3

Step 5 – General Provisions – All members must review the information provided under the following titles:

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

Step 6 – Additional Documents, Members’ Signatures and Notarization – Submit signatures to the remaining documentation in the presence of a Notary Public so that they may be effective –

  • Members must enter printed or typed names
  • Members will enter their signatures

Listing of Members – Schedule 1 – Enter:

  • The company name at the beginning of the page
  • Provide an effective date in dd/m/yy format
  • Members’ names
  • Members’ addresses
  • Type or print members names
  • Members’ signatures

Listing of Capital Contributions – Schedule 2 – Submit:

  • The company name at the beginning of the page
  • Members’ respective names
  • Members’ contribution
  • Members’ percentages of interest
  • Submit the date of the members’ signatures in dd/m/yy format
  • Members’ printed or typed names
  • Members’ signatures

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

  • The name of the company, at the top of the document
  • Members’ names
  • The member’s amount of their Valuation Endorsement
  • Date of the members’ signatures –  dd/m/yy format
  • Date of the members’ signatures

Step 7 – Notarization –

Once completed, the notary shall complete the remainder of the document with their information. The notary shall then provide their signature to the document and affix their official seal

Members must receive a copy for their records before filing the original.