Delaware Llc Operating Agreement Template

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Sample

Delaware LLC Operating Agreement Template

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Delaware LLC Operating Agreement Template (1)
Article I: Formation
This Limited Liability Company (“LLC”) was formed as a Delaware LLC on [Formation Date] pursuant to the Delaware Limited Liability Company Act.
Article II: Name
The name of the LLC shall be [LLC Name].
Article III: Principal Office
The principal office of the LLC is located at [Principal Office Address].
Article IV: Purpose
The purpose of the LLC is to engage in any lawful activity for which limited liability companies may be formed in the State of Delaware.
Article V: Members
The LLC shall have the following members: [List of Members, Addresses, and Ownership Percentage].
Article VI: Management
The LLC shall be managed by its members. Decisions shall be made by a majority vote of the members unless otherwise specified.
Article VII: Capital Contributions
Each member shall contribute the following capital to the LLC: [Specify Capital Contributions].
Article VIII: Distributions
Distributions shall be made to the members in proportion to their respective ownership percentages at times determined by the members.
Article IX: Indemnification
The LLC shall indemnify its members against any losses or damages incurred in connection with the LLC, except in cases of gross negligence or willful misconduct.
Article X: Amendment
This Operating Agreement may be amended only by a written agreement signed by all members of the LLC.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Delaware LLC Operating Agreement Template (2)
Article I: Organization
This Limited Liability Company is organized under the laws of the State of Delaware on [Formation Date].
Article II: Company Name
The name of the LLC is [LLC Name].
Article III: Registered Agent
The registered agent for the LLC in the State of Delaware is [Registered Agent’s Name and Address].
Article IV: Purpose
The purpose of the LLC is to conduct any lawful business in accordance with state law.
Article V: Members and Members’ Interests
Members of the LLC shall be: [List of Members and Percentage Interests].
Article VI: Management Structure
Management shall be vested in the members of the LLC, who shall make decisions by majority consent.
Article VII: Contributions and Distributions
Each member’s initial contribution and subsequent distributions will conform to the provisions detailed herein: [Specify details].
Article VIII: Duty to Indemnify
The LLC agrees to indemnify its members against claims arising from the LLC’s activities, excluding losses due to member misconduct.
Article IX: Voting Rights
Members are granted voting rights proportionate to their ownership interests as defined in this Agreement.
Article X: Amendments to Agreement
This agreement may be modified only by unanimous consent of all members, with written documentation provided.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

Form

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

Delaware LLC Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of LLC

4. Management Structure

5. Capital Contributions

6. Profit and Loss Distribution

7. Voting Rights

8. Transfer of Membership Interests

9. Indemnification

10. Amendments to the Agreement

11. Signatures and Acceptance

12. Declaration and Signatures



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Delaware LLC Operating Agreement Template

Printable | Editable Form




Delaware Llc Operating Agreement Template