Operating Agreement Template Pa

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Sample

Operating Agreement Template PA

Printable | Editable Form




Operating Agreement Template PA (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company’s Address]
Introduction:
This Operating Agreement is entered into as of [Effective Date] by and among the members of [Company Name] for the purpose of governing the management and operations of the Company.
Article I: Formation
The members hereby form a Limited Liability Company (LLC) under the laws of the Commonwealth of Pennsylvania, and the operation of the LLC shall be governed by this Agreement.
Article II: Purpose
The purpose of the Company is to engage in any lawful activity for which a limited liability company may be formed under Pennsylvania law.
Article III: Members
The initial members of the Company shall be: [List members’ names and contributions].
Article IV: Management
The management of the Company shall be vested in its members, and decisions shall be made collectively unless otherwise specified.
Article V: Capital Contributions
Members shall make capital contributions as follows: [Specify contributions].
Article VI: Distributions
Distributions of profits and losses shall be allocated to members as follows: [Specify distribution method].
Article VII: Indemnification
The Company shall indemnify its members to the fullest extent permitted by law against any losses or expenses incurred in relation to the Company.
Article VIII: Amendment
This Agreement may be amended only by a written agreement signed by all members.
Executed on [Date] in [City].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Company Representative]
[Name of the Company Representative]
Operating Agreement Template PA (2)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company’s Address]
Introduction:
This Operating Agreement is crafted to outline the terms of operation for [Company Name], effective from [Effective Date], and outlines the relationships among its members.
Article I: Name of the LLC
The name of the limited liability company is [Company Name].
Article II: Term
The term of the Company shall commence on the date of this Agreement and shall continue until dissolved in accordance with this Agreement.
Article III: Member Roles
Each member’s role and responsibilities are defined as follows: [Specify roles].
Article IV: Financial Matters
Financial operations shall be conducted according to: [Specify financial procedures].
Article V: Voting Rights
Voting rights shall be proportional to each member’s percentage of ownership interest.
Article VI: Address of the Company
The principal office of the Company is located at [Company’s Address].
Article VII: Dissolution
The Company may be dissolved upon unanimous agreement of the members or as required by law.
Article VIII: Miscellaneous
This Agreement constitutes the entire agreement among the members and supersedes any prior oral or written agreements.
Executed on [Date] in [City].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Company Representative]
[Name of the Company Representative]

Form

Please complete the form below to create the Operating Agreement 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 Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Capital Contributions

5. Profit and Loss Allocation

6. Management Structure

7. Meetings and Voting

8. Transfers of Membership Interests

9. Indemnification Provisions

10. Amendment Procedures

11. Miscellaneous Provisions

12. Signatures and Acceptance

13. Declaration and Signatures



PDF


WORD

Printable

Operating Agreement Template PA

Printable | Editable Form




Operating Agreement Template Pa