LLC Operating Agreement for Multimember Company | USA

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.

This Transfer of LLC Membership Interest should be attached as an addendum to an original LLC Operating Agreement for a USA limited liability company.

The Transfer addendum sets out the rules set up by the members governing the transfer of a membership interest from a departing or deceased member to a related party (spouses or family members) or to a non-related party. The Transfer addendum covers the following topics:

• permitted transfers to related parties;
• voluntary transfers to non-related parties;
• involuntary transfers to related and non-related parties;
• method of determining purchase value;
• payment of purchase value;
• admission of new members.

This USA Transfer of LLC Membership Interest template is available in MS Word format, and is fully editable to fit your specific circumstances.

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.
• Available as a fully editable MS Word document. Buy, download, edit to fit your circumstances, and have each party sign.

• 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.