Delaware LLC Operating Agreement Forms and Templates | PDF | RTF | Word
According to Title 6 Chapter 18 (Limited Liability Company Act) all Delaware companies must create and authorize an operating agreement in order for the entity to be legal. The form sets the rules and regulations that the business must operate under as well as an agreement that the owners (referred to as ‘Members’) must abide. The form does not need to be registered after it’s completion but every member should keep a signed original for their records.
The form makes an agreement over the following;
- Formation
- Business Purpose
- Membership Interests – Capital Contributions
- Member Loans – Capital Contributions
- Allocations and Distributions
- Company Management
- Accounting and Reports
- Transfer of Membership Interests
- Buy-Out Upon Dispute (Optional)
- Dissolution and Liquidation
- General Provisions
- Exhibits – Schedule of Members – Description of any Property – Profit/Loss Allocations
Delaware LLC Operating Agreement | PDF | RTF | Word
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