You can open the Illinois Series LLC Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Illinois Series LLC Operating Agreement Template Printable | Editable FormSample
[Name of the Series LLC]
[LLC’s Principal Address]
[LLC’s Registered Agent Name]
[LLC’s Registered Agent Address]
[Member’s Name]
[Member’s Address]
This Operating Agreement (“Agreement”) is made effective as of [Effective Date] by and between the above-named parties for the operation of the Illinois Series Limited Liability Company (LLC) under the Illinois Limited Liability Company Act.
The Member has formed a Series LLC under the laws of the State of Illinois. This Agreement governs the operation of the Series LLC and the rights and obligations of its members.
The purpose of this Series LLC is to engage in any lawful activity permitted under the laws of the State of Illinois.
The Series LLC will be managed by its Member(s). The Member(s) shall have full authority to manage and control the business and affairs of the Series LLC.
The Series LLC will issue Membership Interests, which may vary by Series. Each Series may have different Members, and the rights associated with each Membership Interest will be specified in separate Sub-Agreements.
Each Member shall make an initial capital contribution as specified below: [List contributions]. Additional contributions may be made at the discretion of the Member(s).
Distributions will be made to the Members in accordance with their respective Membership Interests as follows: [Specify distribution terms].
The Series LLC shall indemnify each Member and Manager against any and all expenses and losses incurred by them to the fullest extent permitted by Illinois law.
This Agreement may be amended only by a written agreement signed by the Member(s). Any changes must comply with the laws of Illinois.
[Signature of the Member]
[Name of the Member]
[Name of the Series LLC]
[LLC’s Principal Address]
[LLC’s Registered Agent Name]
[LLC’s Registered Agent Address]
[Member’s Name]
[Member’s Address]
This Operating Agreement (“Agreement”) is executed as of [Effective Date] and outlines the rights, duties, and business of the Series LLC established under the laws of Illinois.
The Members hereby agree to form a Series LLC known as [Name of the Series LLC] in accordance with the provisions of the Illinois Limited Liability Company Act.
The business of the Series LLC may include but is not limited to: [Describe business activities].
Members will have equal rights in the management and conduct of the business unless otherwise stated in this Agreement.
Each Member agrees to contribute capital to the Series LLC as detailed below: [List contributions and timing].
Profits and losses of the Series LLC will be allocated to the Members based on their Membership Interests as detailed herein: [Specify allocation method].
The Members’ liability for the debts, obligations, and liabilities of the Series LLC is limited to their respective capital contributions as provided in the Illinois Limited Liability Company Act.
The Series LLC may be dissolved upon the written consent of the Member(s) or in accordance with applicable Illinois law.
This Agreement constitutes the entire agreement among the parties and supersedes all prior agreements and understandings relating to the subject matter hereof.
[Signature of the Member]
[Name of the Member]
Form
Please complete the form below to create the Illinois Series LLC Operating Agreement Template. All fields must be filled out to ensure a comprehensive and clear agreement. We provide examples to guide you through each step. Illinois Series LLC Operating Agreement Template 1. Company Information 2. Series Overview 3. Member Information Member 1 Member 2 4. Management Structure 5. Capital Contributions 6. Profit Distribution 7. Voting Rights 8. Indemnification 9. Amendments 10. Miscellaneous Provisions 11. Signatures and Acceptance 12. Declaration and Signatures
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WORD
Illinois Series LLC Operating Agreement Template Printable | Editable FormPrintable
