Disclaimer
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Business and sales
LLC Operating Agreement (Basic)
Basic member-managed LLC agreement. It does not form the LLC with the state.
The legal text of this template is still in English. It needs a human translation by someone qualified in that language and jurisdiction. BuiltSIGN does not machine-translate template bodies.
Preview
Needs legal review
This does not file articles of organization and does not cover series LLCs or manager-managed structures.
Company
The members adopt this agreement for {{company}}, a limited liability company that must be formed under state law before it exists. Member A has {{percentA}} percent and Member B has {{percentB}} percent.
Member-managed
The company is member-managed. Ordinary decisions are by members holding a majority of percentages. Selling the company or admitting a member requires all members. Members are not personally liable for company debts solely because they are members.
Questions
What is the LLC Operating Agreement (Basic) template?
Basic member-managed LLC agreement. It does not form the LLC with the state. It is a Business and sales template in the BuiltSIGN gallery.
Who signs this template?
The template includes fields for Member A, Member B.
Is this legal advice?
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Is the template text translated?
No. The legal text stays in English until a person qualified in that language and jurisdiction translates it. BuiltSIGN does not machine-translate template bodies.
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.