Multi-Member LLC Operating Agreement Template - California

If several people own a limited liability company, they can protect themselves from bearing personal responsibility for the debts of their business by creating a legally binding document that clearly states the rights and responsibilities of the owners - a California Multi-Member LLC Operating Agreement . It is legally required to prepare this document - if you have a dispute between two or more members of the board or need to consult with the mission statement of the company regarding your next steps on the market, it will be indispensable.

Download a California Multi-Member LLC Operating Agreement template via the link below.

At a minimum, it has to contain the following elements: the names of the owners and top managers of the organization, the purpose of the business and the approximate description of its operations, the allocation of revenue and shares, the voting process and the decisions the board members have to make together, the provisions regarding the dissolution and termination of the business and the modification of the existing internal rules and manuals.

Still looking for a particular template? Take a look at the related forms and templates below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.