California LLC Operating Agreement Templates | PDF | Word

All Types

Single Member

Multi Member

It is required in the State of California that all limited liability companies (LLC) have an operating agreement upon formation.

Formats

• Single Member
  • Adobe PDF
  • Microsoft Word

• Multi Member
  • Adobe PDF
  • Microsoft Word

The document sets the rules and parameters of what the company must abide by and in the case of multi-member companies (Member means an owner) lists the following;

• Capital Contributions
• Percentage of Ownership (Does not operate like corporations where they are owned by shares, companies are owned by a percentage listed in this form)
• Allocations and Distributions
• Management
• Accounts and Accounting
• Membership, Meetings, Voting Rights, and Indemnity
• Transfers of Membership Interest
• Dissolution
• Noncompete Disclosure and Confidentiality
• Arbitration
• Attorney-in-Fact and Agent
• General Provisions
• Consent of Spouse or Domestic Partner

Sources

• http://www.pick-an-entity.com/Sample%202.pdf
• http://www.sundocumentfilings.com/free-california-llc-operating-agreements