Establish the rights, obligations and relationship of the members of an LLC in the United States with this template Operating Agreement for a Limited Liability Company with two or more members. Provisions of the Agreement include:

• dealing with the interest of a member if the member fails to make the required capital contributions;


• the method by which profits and losses will be allocated;


• how fair market value of a membership interest will be determined;


• procedure for calling meetings of members and for voting;


• transfers of membership interests, including transfer on the death of a member;


• dissolution and winding up.

This USA LLC operating agreement is in MS Word format, and is fully editable to fit your specific requirements.