Operating Agreement S Corp Template

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Sample

Operating Agreement S Corp Template

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Operating Agreement S Corp Template (1)
Between:
[Name of the Shareholder]
[Shareholder’s ID]
[Shareholder’s Address]
[Shareholder’s Phone]
[Shareholder’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This Operating Agreement is established to specify the management and operational rules for [Company Name], formed as an S Corporation on [Formation Date].
Clause 1: Purpose of the Corporation
The purpose of this Corporation is to engage in [Describe business activities].
Clause 2: Shareholders
The Corporation shall have the following shareholders:
1. [Name of Shareholder 1] – [Percentage]%
2. [Name of Shareholder 2] – [Percentage]%
Clause 3: Management
Management of the Corporation shall be vested in its Board of Directors, consisting of [Number] directors, elected by the shareholders.
Clause 4: Meetings
Annual meetings shall be held each year on [Date] for the purpose of electing directors and transacting other business.
Clause 5: Distributions
Profits and losses shall be allocated to shareholders in proportion to their respective ownership interests, as detailed herein.
Clause 6: Indemnification
The Corporation shall indemnify any officer or director against expenses and liabilities incurred in connection with their duties.
Clause 7: Amendment
This Operating Agreement may be amended only by the unanimous written consent of all shareholders.
Signed in [City], [Date].
Sincerely,
[Signature of the Shareholder]
[Name of the Shareholder]
[Signature of the Company Representative]
[Name of the Company Representative]
Operating Agreement S Corp Template (2)
Between:
[Name of the Shareholder]
[Shareholder’s ID]
[Shareholder’s Address]
[Shareholder’s Phone]
[Shareholder’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This Operating Agreement outlines the governance and operational framework of [Company Name], which is established as an S Corporation as of [Formation Date].
Clause 1: Business Purpose
The specific business purpose of this Corporation includes: [Detailed description of business activities].
Clause 2: Capital Contributions
Each shareholder shall make an initial capital contribution as follows:
1. [Name of Shareholder 1] – [Amount]
2. [Name of Shareholder 2] – [Amount]
Clause 3: Voting Rights
Shareholders shall have voting rights proportional to their ownership interest in the Corporation.
Clause 4: Meetings of Shareholders
Regular meetings of shareholders shall take place [Frequency], with special meetings called as necessary by [Specify parties involved].
Clause 5: Fiscal Matters
The Corporation’s fiscal year shall end on [Date] each year, with financial statements provided to shareholders annually.
Clause 6: Limitation of Liability
Shareholders shall not be personally liable for the debts or obligations of the Corporation beyond their respective contribution.
Clause 7: Dissolution
The Corporation may be dissolved by a unanimous vote of the shareholders or as required by law.
Signed in [City], [Date].
Sincerely,
[Signature of the Shareholder]
[Name of the Shareholder]
[Signature of the Company Representative]
[Name of the Company Representative]

Form

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

Operating Agreement S Corp Template

1. Corporation Information


2. Member Information


3. Agreement Purpose

4. Management Structure

5. Member Contributions

6. Profit and Loss Allocation

7. Distributions

8. Fiscal Year

9. Amendments

10. Indemnification

11. Governing Law

12. Signatures and Acceptance

13. Declaration and Signatures



PDF


WORD

Printable

Operating Agreement S Corp Template

Printable | Editable Form




Operating Agreement S Corp Template