Llc Operating Agreement Template Texas

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LLC Operating Agreement Template Texas

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LLC Operating Agreement Template Texas (1)
Between:
[Name of the LLC]
[Texas LLC ID]
[Address of the LLC]
Member(s):
[Member Name 1]
[Member Address 1]
[Member Name 2]
[Member Address 2]
Introduction:
This Operating Agreement is entered into as of [Date] by and among the Members to govern the operations and management of the LLC established under the laws of the State of Texas.
Article 1: Formation
The Members hereby form a limited liability company under the name [Name of the LLC], pursuant to the Texas LLC Act, effective as of [Date].
Article 2: Purpose
The purpose of the LLC is to engage in [Describe the business activities] and any other lawful business as permitted in Texas.
Article 3: Member Contributions
Each Member shall contribute to the LLC as follows:
[Member Name 1]: [Contribution Amount]
[Member Name 2]: [Contribution Amount]
Article 4: Profits and Losses
Profits and losses shall be allocated to the Members in proportion to their respective Membership Interests as follows:
[Specify Profit/Loss Sharing].
Article 5: Management
The management of the LLC shall be vested in the Members. Decisions shall be made by a majority of the Membership Interests.
Article 6: Indemnification
The LLC shall indemnify and hold harmless each Member from any liability incurred in the operation of the LLC, except in cases of gross negligence or willful misconduct.
Article 7: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Executed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
LLC Operating Agreement Template Texas (2)
Between:
[Name of the LLC]
[Texas LLC ID]
[Address of the LLC]
Member(s):
[Member Name 1]
[Member Address 1]
[Member Name 2]
[Member Address 2]
Introduction:
This LLC Operating Agreement is executed on [Date] to outline the terms under which the LLC will operate, following the Texas Limited Liability Company Act.
Article 1: Name and Principal Office
The name of the LLC is [Name of the LLC], and the principal office is located at [Address].
Article 2: Purpose
The LLC is formed for the purpose of conducting [Describe business activities] and any other lawful business activity.
Article 3: Members and Membership Interests
The Members of the LLC and their respective Membership Interests are as follows:
[Member Name 1]: [Percentage]%
[Member Name 2]: [Percentage]%
Article 4: Management Structure
The LLC shall be managed by the Members collectively, and decisions shall be based on a consensus.
Article 5: Distributions
Distributions of cash or assets will be made to the Members at the discretion of the Members, based on their Membership Interests.
Article 6: Liability of Members
No Member shall be personally liable for the debts, obligations, or liabilities of the LLC. Each Member’s liability is limited to the amount of their contribution to the LLC.
Article 7: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.
Executed 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 – Texas. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

LLC Operating Agreement Template – Texas

1. LLC Information


2. Member Information



3. Purpose of the LLC

4. Capital Contributions

5. Profit and Loss Allocation

6. Management Structure

7. Meetings

8. Indemnification

9. Amendments

10. Governing Law

11. Signatures and Acceptance

12. Declaration and Signatures




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LLC Operating Agreement Template Texas

Printable | Editable Form




Llc Operating Agreement Template Texas