Operating Agreement

OPERATING AGREEMENT

This Operating Agreement is made on [DATE] for [LLC NAME], a Limited Liability Company, between its members: [MEMBER NAMES].

1. MEMBERSHIP INTERESTS

Initial membership interests: [MEMBER 1]: [PERCENTAGE]%, [MEMBER 2]: [PERCENTAGE]%.

2. MANAGEMENT STRUCTURE

LLC shall be [MEMBER-MANAGED/MANAGER-MANAGED]. Managers: [MANAGER NAMES] with authority over daily operations.

3. CAPITAL CONTRIBUTIONS

Initial contributions: [MEMBER 1]: $[AMOUNT], [MEMBER 2]: $[AMOUNT]. Additional contributions require [VOTING THRESHOLD] approval.

4. DISTRIBUTIONS

Profits and losses allocated according to membership percentages. Distributions made quarterly subject to cash flow.

5. VOTING AND DECISIONS

Major decisions require [VOTING THRESHOLD] approval. Day-to-day operations delegated to managers.

6. TRANSFER OF INTERESTS

Membership interests may be transferred only with consent of [PERCENTAGE]% of members.

MEMBERS:

[MEMBER 1]: _________________ Date: ___________

[MEMBER 2]: _________________ Date: ___________