Multi-Member LLC Operating Agreement

United States

Updated: Apr 25, 2021

12 clauses


Hassan Abbas

Hassan Abbas

Client Bridging and Guidance

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Key description

  • Multi-member LLC operating agreement
  • The agreement is inclusive of fair clauses granting power according to percentage of capital contributions to avoid any potential disputes.

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Categories

Industries

Covered clauses

General

  • Definitions

  • Formation

  • Members, Contributions & Interests

  • Allocation of Profits and Losses

  • Distributions

  • Management and Administration

  • Accounting and Records

  • Dissociation and Dissolution

  • Winding Up and Liquidation

  • Transfer of Members' Interests

  • Indemnification and Liability Limitation

  • Miscellaneous Provisions


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