1. Company Formation

The Members hereby form a limited liability company pursuant to applicable state laws by filing Articles of Organization with the appropriate state agency.

2. Principal Office

The Company's principal business office shall be located at: Templates.llc-operating-agreement.preview.addressPlaceholder

3. Purpose

The Company is organized to engage in any lawful business activity permitted under state law, including but not limited to [Describe Business Purpose]

4. Term

The Company shall continue until dissolved as provided herein or as required by law.

5. Members and Ownership Interests

The names, addresses, and ownership percentages of each Member are as follows:

• [Member Name], Templates.llc-operating-agreement.preview.addressPlaceholder, Templates.llc-operating-agreement.preview.percentagePlaceholder

6. Capital Contributions

Each Member has contributed the following capital to the Company:

• [Member Name]: Templates.llc-operating-agreement.preview.amountPlaceholder

7. Management Structure

☑ Member-Managed LLC Each Member has equal rights in managing the Company's business and affairs.

8. Voting Rights

Voting shall be based on each Member's ownership percentage unless otherwise specified. Certain actions, such as admitting new Members or dissolving the Company, require unanimous consent.

9. Profits, Losses, and Distributions

• Profits and losses shall be allocated to the Members in proportion to their ownership percentages.
• Distributions shall be made at such times and in such amounts as determined by the Members or Managers.

10. Transfer of Membership Interests

No Member may transfer, sell, or assign their ownership interest without the consent of the other Members.

11. Books, Records, and Accounting

The Company shall maintain complete and accurate books and records at its principal office and shall use Templates.llc-operating-agreement.preview.cash accounting method for tax and reporting purposes.

12. Dissolution

The Company may be dissolved upon the occurrence of any of the following:

• A unanimous vote of the Members.
• The sale or disposition of substantially all assets.
• Any event requiring dissolution under state law.

Upon dissolution, the assets shall be liquidated and distributed in the following order:

• Payment of Company debts and liabilities.
• Return of capital contributions to Members.
• Distribution of remaining assets according to ownership percentages.

13. Indemnification

The Company shall indemnify its Members and Managers against claims or liabilities arising from their service to the Company, to the fullest extent permitted by law.

14. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State]

15. Amendments

This Agreement may be amended only by a written document signed by all Members.

16. Entire Agreement

This document represents the complete understanding of the Members and supersedes any prior agreements or discussions.

Signatures

Executed as of the date first written above: [Date]: