LLC operating agreement template (Florida)

OPERATING AGREEMENT

<**Name-of-LLC**>

a Florida Limited Liability Company

THIS OPERATING AGREEMENT is made effective as of the _____ day of ____, 200__ by and between <**Name-

of-Sole-Member**> ("Member"), as the sole member of <**Name-of-LLC**>, a Florida limited liability

company (the "Company"), and the Company. In consideration of their mutual promises, covenants, and

agreements, the parties hereto do hereby promise, covenant and agree as follows:

1. Formation. The Company has been formed by the Member under the provisions of the Florida Revised

Limited Liability Company Act (Chapter 605, Florida Statutes). The purpose of the Company is stated in the

Articles of Organization.

3. Offices. The Company may have one or more offices at places designated from time to time by the

Member. For the purpose of complying with the Florida Revised Limited Liability Company Act the Member

shall file the required annual report with the State of Florida each year and may change the registered agent

and office as the Member sees fit.

4. Management. The Member shall directly manage Company's business. The Member may delegate to

another person the authority to perform specified acts on behalf of the Company.

5. Capital Contributions. The Member, in its sole discretion, may make contributions to the Company as it

sees fit.

6. Taxes. For federal and state tax purposes, the Company will be taxed as a disregarded entity with

profits and losses passing through to the Member.

7. Funds. The Member will determine the financial institution that will hold Company funds and will

determine the authorized signatures on Company accounts.

8. Additional Members. The Member is the sole member of the Company. The Company may admit one

or more additional members in the future upon such terms as are determined by the Company and the

Member. The admission of new members, however, shall not be effective unless and until this Operating

Agreement has been amended and restated in its entirety and executed by all of the then current members

specifying their respective rights and obligations towards each other and the Company.

9. Distributions. The Member will determine when and how cash and other assets of the Company will

be distributed.

IN WITNESS WHEREOF, the parties hereto agree to the above terms and have directly signed their names

below or have caused this Agreement to be executed in their names by their duly authorized officers.

MEMBER: <**Name-of-Sole-Member**>

By: _______________________________

signature

_______________________________

print name and title

COMPANY: <**Name-of-LLC**>

By its sole member: <**Name-of-Sole-Member**>

By: _______________________________

signature

_______________________________

Download
LLC operating agreement template (Florida)
DOC: 150.1 KB | PDF: 236.4 KB (2 pages)

( 4.6, 12 votes )