Ohio Operating Agreement Template

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Sample

Ohio Operating Agreement Template

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Ohio Operating Agreement Template (1)
Company Name:
[Name of the LLC]
Effective Date:
[Date]
Members:
[Member 1 Name, Address, and Percentage Ownership]
[Member 2 Name, Address, and Percentage Ownership]
Article I: Formation
This Limited Liability Company (LLC) is formed pursuant to the Ohio Revised Code Section 1705. The principal office is located at [Address].
Article II: Purpose
The purpose of the LLC is to engage in any lawful act or activity for which limited liability companies may be organized in the State of Ohio.
Article III: Management
The LLC shall be managed by its Members. Decisions shall be made by majority vote, unless stated otherwise in this Agreement.
Article IV: Capital Contributions
Each Member’s initial capital contribution is as follows: [Specify contributions for each member].
Article V: Distributions
Distributions of profits shall be made to the Members in proportion to their ownership percentages at the end of each fiscal year.
Article VI: Indemnification
The Company shall indemnify and hold harmless any Member against any losses or liabilities incurred in connection with the affairs of the Company, provided such actions were taken in good faith.
Article VII: Dissolution
The LLC may be dissolved upon the unanimous consent of the Members or upon an event that makes it unlawful to carry on the business.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Ohio Operating Agreement Template (2)
Company Name:
[Name of the LLC]
Effective Date:
[Date]
Members:
[Member 1 Name, Address, and Percentage Ownership]
[Member 2 Name, Address, and Percentage Ownership]
Article I: Formation
This agreement establishes the LLC under the laws of Ohio and confirms that the initial articles of organization filed with the Ohio Secretary of State are valid.
Article II: Business Purpose
The LLC is organized to conduct any lawful business within the scope provided under Ohio law.
Article III: Management Structure
The LLC will be managed by its Members, who will have equal rights in the management and control of the business affairs of the LLC.
Article IV: Initial Capital Contributions
Each Member’s share of initial capital contributions shall be set forth as follows: [Specify contributions for each member].
Article V: Allocation of Profits and Losses
Profits and losses shall be allocated to the Members based upon their respective ownership percentages at the close of each fiscal year.
Article VI: Indemnification and Liability
Members shall be indemnified by the Company from any and all claims, losses, or damages except in cases of gross negligence or willful misconduct.
Article VII: Procedures for Dissolution
Upon dissolution, the Members will wind up the LLC’s affairs and distribute the assets after paying off all debts and obligations.
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 Ohio 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.

Ohio Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Management Structure

5. Voting Rights

6. Distributions

7. Meetings

8. Amendments

9. Indemnification

10. Signatures and Acceptance

11. Declaration and Signatures



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Printable

Ohio Operating Agreement Template

Printable | Editable Form




Ohio Operating Agreement Template