Llc Operating Agreement Template Utah

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LLC Operating Agreement Template Utah

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LLC Operating Agreement Template Utah (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC]
[LLC’s ID]
[LLC’s Address]
Introduction:
This Operating Agreement establishes the terms under which the LLC will be governed, detail member responsibilities, and outline the management structure effective from [Effective Date].
Article I: Formation
The Members hereby form a Utah Limited Liability Company (the “Company”) under the Utah Limited Liability Company Act.
Article II: Purpose
The purpose of the Company is to engage in any lawful business activity as permitted under the laws of the State of Utah.
Article III: Members
The Members of the Company shall include: [List Members with their respective contributions].
Article IV: Management
The management of the Company shall be vested in the Members. Any decision requiring Member approval shall require a unanimous vote unless otherwise stated herein.
Article V: Capital Contributions
Each Member shall contribute the initial capital as follows: [Detail contributions from each Member].
Article VI: Distributions
Profits and losses shall be allocated to the Members in proportion to their respective percentage interests in the Company.
Article VII: Indemnification
The Members shall indemnify and hold harmless any Member or manager from any loss, liability, or damage incurred in connection with the business of the LLC to the fullest extent permitted by law.
Article VIII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
LLC Operating Agreement Template Utah (2)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC]
[LLC’s ID]
[LLC’s Address]
Introduction:
This Operating Agreement is made to guide the operations and management of the LLC commencing on [Effective Date].
Article I: Name and Principal Office
The name of the LLC shall be [Name of the LLC] and the principal office shall be located at [Office Address].
Article II: Purpose of the LLC
To carry on any lawful activities as permitted by the State of Utah.
Article III: Membership
The following individuals are designated as Members of the LLC: [Detail Members and their ownership percentage].
Article IV: Management and Duties
The management responsibilities are assigned to: [Specify Members or Managers], who shall make business decisions in the best interest of the Company.
Article V: Financial Contributions
Initial contributions to the Company shall be detailed as follows: [List contributions for each Member].
Article VI: Allocation of Profits and Losses
Profits and losses shall be shared among the Members in accordance with their respective ownership percentages.
Article VII: Indemnification of Members
The Company will indemnify its Members against any claims arising from their association with the Company to the extent permitted by Utah law.
Article VIII: Amendments to the Agreement
Any amendments to this Operating Agreement must be executed in writing and 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]

Form

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

LLC Operating Agreement Template for Utah

1. LLC Information


2. Member Information


3. Purpose of the LLC

4. Management Structure

5. Member Contributions

6. Profits and Losses Distribution

7. Voting Rights

8. Meetings

9. Amendments

10. Indemnification

11. Miscellaneous Provisions

12. Signatures and Acceptance

13. Declaration and Signatures



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LLC Operating Agreement Template Utah

Printable | Editable Form




Llc Operating Agreement Template Utah