Multi-Member LLC Operating Agreement Template - Kentucky

To be sure your limited liability company owned by two or more people conducts its business activities following its own rules and not the regulations imposed by the state and to protect the members of the board from personal responsibility for the debts of the organization, you need to create a Kentucky Multi-Member LLC Operating Agreement . This legally binding document can be updated any time there is a need to add a new member or modify the short- and long-term goals of the company.

Download and customize a Kentucky Multi-Member LLC Operating Agreement template through the link below - an effective set of rules for your business should contain the following provisions: the identification of the owners, the list of the rights and duties the members of the board have, the distribution of shares and revenue, and the description of the voting process. You are not required to submit the operating agreement to the local county or any of the state authorities - simply keep it in your records and refer to it whenever you need to resolve an internal dispute.

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.