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LLC Operating Agreement


Create a personalized LLC Operating Agreement effortlessly with Indigo Doc Creator’s advanced AI technology. Generate a customized, legally compliant document in minutes, tailored to your specific needs. Start Creating Now with Indigo Doc Creator!
1Get-Started
2Company Details
3Membership Classes
4Membership Detail
5Management
6Administration
7Sign/Witness
In what state is your Company registered?

Professional Services

Will your Company perform professional services?
e.g. The purpose of this Company is to develop real estate.
e.g. Street, City, County, State ZIP Code
Will this Company have more than one class of Members?

1st Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 1

2 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 2

3 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 3

4 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 4

5 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Hidden
Add another Class 5

6 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 6

7 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 7

8 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 8

9 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 9

10 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 10

11 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 11

12 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.
Add another Class 12

13 Member Class Information

e.g. Class A, Class 2, etc.
e.g. Class "A" Members have full voting rights.

Capital Contributions

First Member

What type of entity is this Member?
e.g.(Street, City, State ZIP Code)
Add another Member 1

Second Member

What type of entity is this Member?
e.g.(Street, City, State ZIP Code)
Add another Member 2

Third Member

What type of entity is this Member?
e.g.(Street, City, State ZIP Code)
Add another Member 3

Fourth Member

What type of entity is this Member?
e.g.(Street, City, State ZIP Code)
Add another Member 4

Fifth Member

What type of entity is this Member?
e.g.(Street, City, State ZIP Code)
Hidden

Section Break

Could additional contributions be required in future?

Admitting New Members

Can new Members be added?
What is the voting requirement to admit a new Member?
Are there additional conditions to admitting new Members?
(e.g. New Members must be fully qualified and licensed to work)
Can a Member voluntarily withdraw from your Company?
When will Members hold regular meetings?
How will Member votes be determined?

Management Details

Who will manage your Company?
What is required to add a new Manager?

1st Manager

Add another Manager 1

Second Manager

Add another Manager 2

Third Manager

Add another Manager 3

Fourth Manager

Add another Manager 4

Fifth Manager

Management Duties and Responsibilities

Accounting

How should this Company be classified for tax purposes?
Which Member is the Tax Matters Partner?
Do you wish to include your fiscal year end?
Hidden

Profit & Loss Allocation

In what proportions will profits be allocated?

What is the fixed percentage of profit or loss allocated for each Member?

In addition to the federal income tax report, what other reports do you want to include in your annual report to Members?

Dissolution of the Company

Will your Company be dissolved if one Member leaves?
Are Members allowed to sell their share to non-members?
How will assets be distributed when a Member leaves or when winding up your Company?

What is the fixed percentage of profit or loss allocated for each Member?

%
%
%
%
%

Binding your Company in Contract

e.g. Any Member, all Class A Members, Joe Smith only.

Duty of Loyalty

Can a Member participate in a venture that competes with the business of your Company?
For what period of time after leaving is a Member prevented from competing against your Company?

Actions That Require Unanimous Consent

Select the issues that require the consent of all Members:
Do you want to include any additional terms or information?

Signing Details

What is the signing date for this Agreement?
MM slash DD slash YYYY
Are witness signatures needed?

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