Multi Member Llc Operating Agreement Template UK

The Multi Member LLC Operating Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable samples.


Sample

Multi Member Llc Operating Agreement Template UK

Editable – Printable



Multi Member LLC Operating Agreement Template UK

1. Company Information


2. Member Information

3. Purpose of the LLC

4. Capital Contributions

5. Profit and Loss Allocation

6. Management and Voting Rights

7. Meetings

8. Withdrawal or Addition of Members

9. Indemnification

10. Amendment Procedures

11. Governing Law

12. Signatures and Agreement

13. Declaration and Signatures




PDF


WORD

Examples


Multi Member LLC Operating Agreement Template UK (1)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
[Member 2’s Phone]
[Member 2’s Email]
And:
[Name of Member 3]
[Member 3’s ID]
[Member 3’s Address]
[Member 3’s Phone]
[Member 3’s Email]
Introduction:
This Operating Agreement outlines the structure, management, and operational guidelines for [Name of LLC], between all members, effective as of [Effective Date].
Article 1: Formation
The Members hereby form a Limited Liability Company under the laws of [Jurisdiction, e.g., England and Wales].
Article 2: Purpose
The purpose of the LLC is to engage in any lawful business activity allowed under the laws of [Jurisdiction].
Article 3: Member Contributions
Each Member shall contribute to the capital of the LLC as follows:
– [Name of Member 1]: [Amount/Description of Contribution]
– [Name of Member 2]: [Amount/Description of Contribution]
– [Name of Member 3]: [Amount/Description of Contribution]
Article 4: Profit and Loss Allocation
Profits and losses of the LLC shall be allocated to the Members in proportion to their respective contributions.
Article 5: Management
The LLC shall be managed by the Members, and decisions shall require a majority vote unless otherwise specified.
Article 6: Meetings
Regular meetings shall be held [Specify frequency, e.g., quarterly] to discuss the management and affairs of the LLC.
Article 7: Admission of New Members
New Members may be admitted upon unanimous consent of the existing Members, subject to the terms established herein.
Article 8: Termination
The LLC may be dissolved upon unanimous vote of the Members, with appropriate procedures for winding up its affairs.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Signature of Member 3]
[Name of Member 3]
Multi Member LLC Operating Agreement Template UK (2)
Between:
[Name of Member 1]
[Member 1’s ID]
[Member 1’s Address]
[Member 1’s Phone]
[Member 1’s Email]
And:
[Name of Member 2]
[Member 2’s ID]
[Member 2’s Address]
[Member 2’s Phone]
[Member 2’s Email]
And:
[Name of Member 3]
[Member 3’s ID]
[Member 3’s Address]
[Member 3’s Phone]
[Member 3’s Email]
Introduction:
This Operating Agreement establishes the operational framework for [Name of LLC] regarding management, member roles, and financial arrangements, effective as of [Effective Date].
Article 1: Formation of LLC
The Members hereby form a Limited Liability Company in accordance with applicable laws and regulations in [Jurisdiction].
Article 2: Purpose of Business
The LLC aims to [Specify Purpose, e.g., provide consulting services, trade products, etc.].
Article 3: Member Contributions
Each Member shall contribute the following values in cash, property, or services:
– [Name of Member 1]: [Details of Contribution]
– [Name of Member 2]: [Details of Contribution]
– [Name of Member 3]: [Details of Contribution]
Article 4: Allocation of Profits and Losses
Profits and losses will be distributed among the Members based on their percentage of ownership as outlined here:
– [Ownership Percentages]
Article 5: Management Structure
The LLC will be managed collaboratively by all Members, with day-to-day operations handled by [Designate a Member or position, if necessary].
Article 6: Meetings and Voting
Members shall convene at least [Frequency, e.g., monthly] to discuss company affairs, with decisions made based on [Voting Rules, e.g., majority vote].
Article 7: New Member Admission Process
New Members may join the LLC with unanimous consent from existing Members and must agree to the terms of this Operating Agreement.
Article 8: Dissolution Procedures
The LLC may be voluntarily dissolved by unanimous vote, and the Members shall follow a specific procedure for asset distribution.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Signature of Member 3]
[Name of Member 3]

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Multi Member Llc Operating Agreement Template UK