Fillable Printable Simple LLC Operating Agreement Template

Simple LLC Operating Agreement Template

[Company Name]

OPERATING AGREEMENT

AMENDMENT [#]

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT AMENDMENT [#] (the

Agreement) amends the original Operating Agreement dated [month, date, year], [add

sequential amendments, dated month, day, year if any], by [list owner and name of

shareholders]. These individuals shall be known as and referred to as "Members" and

individually as a "Member."

As of the above date the Members, have formed [company name], a Limited Liability Company

named above under the laws of the Commonwealth of Virginia. Accordingly, in consideration of

the conditions contained herein, they agree as follows for the Company Formation and

Registered Agent:

1.1 FORMATION. The Members hereby form a Limited Liability Company ("Company")

subject to the provisions of the Limited Liability Company Act as currently in effect as of this

date. A Certificate of Formation is filed with the Commonwealth of Virginia Corporation

Commission as a/an [IRS tax category].

1.2 NAME. The name of the Company shall be: [name of company].

1.3 REGISTERED OFFICE AND AGENT. The location of the registered office of the Company

shall be:

[Company address]

1.4 OWNERSHIP

1.4.1 [Company name] members are as follow:

[Owner name], and [Member 2]

1.4.2 The ownership percentage of each member is as follows:

[Owner name] – [XX] % and [Member 2] – [XX] %

1.4.3 [Company name] is managed by the majority share member.

1.5 AMENDMENT CLAUSE

1.5.1 This operating agreement can be amended at any time by the majority shareholder

without consenting other shareholders.

1.6 MEMBERS’ ROLE

1.6.1 [Owner name] is the [position] of the company. His/her roles and responsibilities

include:

 Manage and make decisions related to the company’s day-to-day operations;

 Identify and establish the company’s strategic goals and objectives;

 Prepare and manage proposals to secure future business opportunities;

 Prepare quotations and invoices for clients;

 Identify purchasing requirements, prepare and maintain financial documentation

for accounting and auditing;

 Manage awarded contracts and negotiate change requests;

 Has full control of company budget allocation and spending approval.

1.6.2 [Member 2] holds a non-decision making partnership position of Consultant. His/her

roles include:

 Identify business role/responsibility 1;

 Identify business role/responsibility 2;

1.6.3 [continue for each additional member, if required]

1.7 TERM. The Company shall continue for an unlimited length of time unless dissolved by

[owner].

1.8 BUSINESS PURPOSE. The purpose of the Company is to provide management

consulting services and is to engage in any lawful act or activity for which a Limited Liability

Company may be formed under the Limited Liability statutes of the Commonwealth of

Virginia.

1.9 PRINCIPAL PLACE OF BUSINESS. The location of the principal place of business of the

Company shall be:

[Company operating address]

1.10 ADMISSION OF ADDITIONAL MEMBERS. Except as otherwise expressly provided in the

Agreement, no additional members may be admitted to the Company.

1.11 RECORDS. The Members should keep at its principal place of business the following:

(a) A copy of the Certificate of Formation and the Company Operating Agreement and all

amendments;

(b) Copies of the Company's federal, state and local income tax returns and reports, if any,

for the three most recent years; and

recent years.

Signed and agreed on [month, day, year].

Member: [Owner name (F, MI, L)] Member: [Member 2 name (F, MI, L)]

Title: (reference 1.6.1 above) Title: (reference 1.6.2 above)

Signature: ____________________________ Signature: __________________________