Limited Liability Companies

Download the forms you need to set up a limited liability company, including:

  • Articles of Organization
  • LLC Bylaws
  • LLC formation and operating agreements
  • Member resolutions
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LLC Operating Agreement for Real Estate (USA)

Set the terms by which an LLC will buy, develop and lease real estate property with this easy-to-use LLC Operating Agreement for Real Estate Developer.

  • This 11-page agreement template establishes the formation of a multi-member limited liability company in the United States for the purpose of purchasing, developing, operating, leasing and/or selling real estate properties.
  • The members are responsible for managing the business and affairs of the LLC and may appoint one or more managers to delegate that authority to.
  • Provisions for admitting new members and for existing members to transfer their interest.
  • Provisions for tax and accounting procedures. The LLC is treated as a partnership for U.S. federal tax purposes.
  • Provisions for dissolution of the LLC, liquidation and distribution of the assets on a pro rata basis after payment of the LLC's obligations.
  • This is a U.S. template which can be used in most states. Check with the Secretary of State in your area to find out what else is required.

An LLC can be a cost-effective and efficient structure for a real estate developer. Buy and download the LLC Operating Agreement template to get started.


USA Bylaw of LLC Governing the Conduct of Meetings

Set out in writing how meetings of members and managers of a USA limited liability company will be conducted with this Bylaw of LLC Governing the Conduct of Meetings, which covers the following:

  • procedure for holding annual and special meetings of LLC members;
  • how notice of meetings is to be given to the members;
  • what constitutes a quorum at a meeting;
  • how meetings of the managers of the LLC are to be conducted.

This LLC Bylaw can be used throughout the United States. To get your copy, add it to your cart and check out. You can then download the form.


USA LLC Formation Agreement

Set up a limited liability company in the U.S. under this LLC Formation Agreement between the members of the company.

  • This is an informal preliminary agreement which the members can put in place so they can proceed with filing Articles of Organization and forming the company, prior to entering into a formal operating agreement.
  • The members agree that this is a preliminary agreement only and that they intend to execute a more complex agreement within a reasonable time.
  • The members will manage the business of the LLC and will vote according to their proportionate interests.
  • The members are free to carry on other businesses as long as they do not compete or conflict with the business of the LLC.
  • The members agree that disputes will be settled by arbitration.
  • The LLC Formation Agreement can be used throughout the United States.

Make sure all members sign the Agreement before you file your Articles and organize the company. Buy, download, start using the form right away.


USA LLC Formation Agreement with 3 Classes of Members

This LLC Formation Agreement provides for a limited liability company to have three classes of members.

The member classes 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.

The Formation Agreement can be used by LLCs anywhere in the United States. Buy the form, download, fill in, print and sign.


USA LLC Member Representations with Regard to Securities

Set out how membership interests in a USA limited liability company have been ⁄ will be acquired with this LLC Member Representations with Regard to Securities.
  • Each member represents that he/she has acquired the membership interest in the LLC for investment purposes only.
  • The member has the knowledge and experience necessary to evaluate the economic risks of acquiring the membership interest.
  • The member understands that he/she may bear the risk of an investment in the company for an indefinite period of time.
  • Only the LLC has the right to register Membership Interests, but it is under no obligation to do so.
This USA LLC Member Representations with Regard to Securities template is available in MS Word format, and is fully editable to fit your specific circumstances.

USA LLC Members Agreement for Fractional Yacht Ownership

Set up a limited liability company for the purpose of fractional (joint) ownership of a yacht with this LLC Members Agreement.

  • The Agreement is governed by United States laws.
  • In addition to an initial capital contribution, each member of the LLC must make quarterly payments to pay for overhead, including dockage fees, maintenance, insurance, and management fees.
  • Each member has an equal say in the operations of the LLC.
  • If any member wants to sell their interest in the yacht, or if a member dies, the other members have a right of first refusal to acquire their interest.
  • Each member's use of the yacht is based proportionally on his or her ownership interest.
  • Each member is responsible for any damage, loss or injury to the yacht while they are using it.
  • Only qualified skippers are allowed to captain the vessel. If a member is not qualified, he or she must hire a licensed skipper, at his/her own expense.
  • A member must comply with all conditions governing operating requirements and vessel responsibilities during their use of the yacht.

The USA LLC Members Agreement for Fractional Yacht Ownership is a fully customizable legal form template.