About This Template
This LLC Operating Agreement template has been professionally drafted to ensure it complies with current company law. It provides a comprehensive framework for establishing the internal rules and structure of your limited liability company.
When To Use This Template
Use this template when you need to:
- Form a new limited liability company
- Define the management structure of your LLC
- Establish ownership percentages and capital contributions
- Set procedures for meetings and voting
- Clarify profit distribution and tax treatment
- Establish procedures for adding or removing members
What's Included
- Company formation details
- Member information and ownership percentages
- Capital contributions and additional funding provisions
- Management structure (member-managed or manager-managed)
- Voting rights and procedures
- Profit and loss allocation
- Tax treatment provisions
- Transfer of membership interests
- Dissolution procedures
- Dispute resolution mechanisms
Industry-Specific Variations
This template includes specialised sections for different LLC types:
- Professional Services LLC
- Real Estate LLC
- Family Business LLC
- Investment LLC
How To Use This Template
Download the template in your preferred format (PDF or Word). For customisation, use the Word version and fill in all required information. Alternatively, use our online customisation tool before downloading to create a personalised version.
Once completed, the agreement should be reviewed and signed by all members of the LLC. Each member should receive a copy of the signed agreement, and a copy should be kept with the company records.
Legal Considerations
This template is designed to comply with the Companies Act 2006 and related legislation, but laws vary by location and change over time. We recommend reviewing the agreement with a legal professional to ensure it meets your specific requirements and is legally valid in your jurisdiction.