Multimember LLC Operating Agreement
Ready for an easy to understand but legally comprehensive LLC Operating Agreement? Um… of course, you are! You’re a passionate creative entrepreneur who wants to focus on her dreams, serve her clients, and legally protect her biz!
This clever Multimember LLC Operating Agreement rounds out the perfect addition to your business’s rock solid legal foundations. Crafted using hours of research, years of experience, and a few dozen iced coffees, the ready-to-roll template is a snap to customize and comes with a first-in-class terms guide to make sure that you understand every last sentence.
The template is a piece of cake to customize with highlighted plug and play brackets.
The terms guide makes key legal language simple to understand and explain.
The *bonus* document templates make organizing and managing your LLC a breeze.
Ready for an easy to understand but legally comprehensive LLC Operating Agreement? Um… of course, you are! You’re a passionate creative entrepreneur who wants to focus on her dreams, serve her clients, and legally protect her biz!
This clever Multimember LLC Operating Agreement rounds out the perfect addition to your business’s rock solid legal foundations. Crafted using hours of research, years of experience, and a few dozen iced coffees, the ready-to-roll template is a snap to customize and comes with a first-in-class terms guide to make sure that you understand every last sentence.
The template is a piece of cake to customize with highlighted plug and play brackets.
The terms guide makes key legal language simple to understand and explain.
The *bonus* document templates make organizing and managing your LLC a breeze.
Ready for an easy to understand but legally comprehensive LLC Operating Agreement? Um… of course, you are! You’re a passionate creative entrepreneur who wants to focus on her dreams, serve her clients, and legally protect her biz!
This clever Multimember LLC Operating Agreement rounds out the perfect addition to your business’s rock solid legal foundations. Crafted using hours of research, years of experience, and a few dozen iced coffees, the ready-to-roll template is a snap to customize and comes with a first-in-class terms guide to make sure that you understand every last sentence.
The template is a piece of cake to customize with highlighted plug and play brackets.
The terms guide makes key legal language simple to understand and explain.
The *bonus* document templates make organizing and managing your LLC a breeze.
You get:
An editable Google Doc legal template
Fill-in-the-blank ease of customization
Simple instructions
Legal Terms Guide
Two bonus legal templates to help you organize your LLC
LLC Compliance Checklist
Access to lifetime updates any time we make a change
Who does this work for?
This is the perfect fit for any online or in-person LLC with multiple members. It has language for both member-managed and manager-managed LLCs!
Are you thinking that your co-members are amazing and that maybe you don’t need a fancy, lawyer-drafted operating agreement?
Au contraire! LLC operating agreements are a must-have for smart and serious business owners (and yes, they are legally required). Your fellow owners are wonderful, they work with you, right? But, even the best relationship can hit some rocks. A solid, carefully written operating agreement anticipates potential issues and solves them in advance. Your agreement can actually de-escalate problems before they occur because it ensures that you are both on the same page. You’re a smart cookie, make it clear everyone.
What’s included? What legal terms should be in an LLC operating agreement?
An operating agreement should set out the terms of your business relationship. It should be comprehensive and include everything from who the agreement is between (you and your co-owners!) to how you expect to communicate (set those healthy boundaries) and what happens if a member decides that it just isn’t a good fit and they want to exit the business. A well-written, high-quality LLC operating agreement (like this one!) lets everyone know that you take this seriously and so should they. This protects your business and keeps everyone on the same page.
Check out everything you’ll get (this contract does a lot!)
Who the agreement is between
Term / how long it lasts
Formation
Addresses
Captial Contributions
Profits/Losses
Distributions
Member Withdrawal (voluntary and not-so-voluntary)
Administration and Operation
Outside Activities for Members
Limitation of Liability for Managers
Member’s Rights and Restrictions
Books, Records, and Accounting
Tax Election
Transfer
Admissions of New Members
Dissolution and Disqualification
Liquidation and Winding Up
Amendments
Quorum and Voting
Indemnification
Binding Effect
Notice
Waiver
Governing Law
Power of Attorney
Is this for me?
Are you a creative entrepreneur building a business that feeds your passion and serves the world? Then, YES, this Multimember LLC Operating Agreement is for you! You want the peace of mind that you get knowing that you and your business are protected. This piece-of-cake template will be ready for use, and to go to work protecting you, in under 15 minutes.
DISCLAIMER: This template is for educational and informational purposes only. This template is a general, customizable, Do-It-Yourself template, for you to tailor to your unique business and needs. Nothing in this template or on kerrycarroll.com should be considered as legal advice. Purchase of this template does NOT create an attorney-client relationship between you and Kerry Carroll or between you and Kerry Carroll LLC. There is no attorney-client relationship between you and Kerry Carroll, you and Kerry Carroll LLC, or you and Kerrycarroll.com. Kerry Carroll is a lawyer but she does not practice law and is not your lawyer. For legal advice, contact an attorney in your area. Questions? Email hello@kerrycarroll.com