1
OPERATING AGREEMENT
of
<**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.