USA LLC Formation Agreement with 3 Classes of Members

Set up a limited liability company in the United States with this template LLC Formation Agreement for an LLC with three classes of members.

The three classes of members are defined by their profit and loss allocations, their share of the assets upon dissolution of the company, and their voting rights, as follows:

• Class A Investor Members receive 60% of the profits, bear 90% of the losses, and have 5 votes.
• Class B Manager Members are responsible for the management and direction of the LLC. They receive 30% of the profits, bear 10% of the losses, and have 2 votes, and are the only members to vote on company decisions which do not, by law, require the vote of all members.
• Class C Employee Members receive 10% of the profits, bear none of the losses, and have 1 vote.

This USA LLC Formation Agreement with 3 Classes of Members template is available in MS Word format, and can be edited as necessary to fit your exact needs.