Corporate Operating Agreement Template

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You can open the Corporate Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Corporate Operating Agreement Template

Printable | Editable Form




Corporate Operating Agreement Template (1)
Between:
[Name of the Company]
[Company’s ID]
[Company’s Address]
[Company’s Phone]
[Company’s Email]
And:
[Member’s Name]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
Introduction:
This Corporate Operating Agreement is established on [Date] to outline the management, operation, and ownership structure of [Name of the Company], established under the laws of [State/Country].
Article 1: Formation
The Members hereby form a limited liability company (LLC) pursuant to the laws of [Jurisdiction] and agree to operate under this Operating Agreement.
Article 2: Purpose
The purpose of the Company is to engage in any lawful business as determined by the Members and to conduct any and all activities related to that purpose.
Article 3: Members
The initial Members of the Company are as follows:
– [Member’s Name]: [Percentage]%
– [Additional Member’s Name]: [Percentage]%
Article 4: Management
The management of the Company shall be vested in its Members, who will be responsible for the day-to-day operations and decision-making.
Article 5: Allocations and Distributions
Profits and losses of the Company shall be allocated to the Members according to their respective ownership percentages. Distributions shall be made at the discretion of the Members.
Article 6: Indemnification
The Company shall indemnify its Members and managers to the fullest extent permitted by law against any and all expenses and liabilities incurred in connection with the Company.
Article 7: Amendment
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of each Member]
[Name of each Member]
Corporate Operating Agreement Template (2)
Between:
[Name of the Company]
[Company’s ID]
[Company’s Address]
[Company’s Phone]
[Company’s Email]
And:
[Member’s Name]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
Introduction:
This Operating Agreement establishes the terms under which [Name of the Company] operates, effective as of [Date].
Article 1: Company Formation
Members hereby create a limited liability company under the laws of [State/Country] that will operate as [Name of the Company].
Article 2: Business Purpose
The Company will engage in [Specific Business Activities] and any other lawful business as determined by the Members.
Article 3: Membership Interests
Each Member’s ownership interest is as follows:
– [Member’s Name]: [Percentage]%
– [Additional Member’s Name]: [Percentage]%
Article 4: Management Structure
Management of the Company shall be conducted by the Members collectively with decisions made by majority vote.
Article 5: Profit Distribution
Distributions of profits and losses shall be made in proportion to the Members’ respective ownership interests in the Company.
Article 6: Liability Protection
Members shall not be personally liable for the debts, obligations, or liabilities of the Company beyond their investment contributions.
Article 7: Modifications
Any amendments must be documented in writing and signed by all Members to be effective.
Signed in [City], [Date].
Sincerely,
[Signature of each Member]
[Name of each Member]

Form

Please complete the form below to create the Corporate Operating Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Corporate Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Duration of the Agreement

5. Management Structure

6. Voting Rights

7. Capital Contributions

8. Distributions of Profits and Losses

9. Transfer of Ownership Interests

10. Indemnification and Liability

11. Amendments to the Agreement

12. Signatures and Acceptance

13. Declaration and Signatures




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WORD

Printable

Corporate Operating Agreement Template

Printable | Editable Form




Corporate Operating Agreement Template