Fill - Free fillable FINAL LIMITED LIABILITY COMPANY OPERATING AGREEMENT1 Copy PDF form

FINAL LIMITED LIABILITY COMPANY OPERATING AGREEMENT

FOR

___________________________

This Company Agreement of this MULTIPLE-MEMBER ____________-MANAGED LIMITED LIABILITY

COMPANY organized pursuant to applicable state law, is entered into and shall become effective as of

____________ (the “Effective Date”) by and among the Company and the persons executing this Agreement

as Members. It is the Members express intention to create a limited liability company in accordance with the

Act, as currently written or subsequently amended or redrafted. Therefore, all provisions of this document shall

be construed consistent with the afore described intent of the Members. Accordingly, in consideration of the

conditions contained herein, he/she/they agree as follows:

ARTICLE I

Company Formation

1.1 FORMATION. The Members hereby form a Limited Liability Company (the “Company”) subject to the

provisions of state law as currently in effect as of this date. Articles of Organization shall be filed with the

Secretary of State.

1.2 NAME. The name of the Company shall be: __________________________________.

1.3 REGISTERED AGENT AND OFFICE. The name and location of the registered agent of the Company

shall be:

____________________________________

______________________

1.4 TERM. The Company shall continue for a perpetual period unless

(a) members whose capital interest as defined in Article 2.2 exceeds 50 percent vote for dissolution; or

(b) any event which makes it unlawful for the business of the Company to be carried on by the

Members; or

(c) any other event causing dissolution of this Limited Liability Company under the laws of the State of

___________________.

1.5 CONTINUANCE OF COMPANY. Notwithstanding the provisions of ARTICLE 1.3, in the event of an

occurrence described in ARTICLE 1.4(c), if there are at least one remaining Member(s), said remaining

Member(s) shall have the right to continue the business of the Company.

1.6 BUSINESS PURPOSE. The Company shall conduct any and all lawful business deemed appropriate to

execute the company’s objectives.

Name of LLC

MANAGER/ MEMBER

LLC Effective Date

Name of LLC

Name of Registered Agent

state of organization

1.7 PRINCIPAL PLACE OF BUSINESS. The location of the principal place of business of the Company

shall be:

_________________________

1.8 THE MEMBERS. The name and place of residence of each member are listed below at Certification of

Members. Members are the owners of this company.

1.9 ADMISSION OF ADDITIONAL MEMBERS. Except as otherwise expressly provided in the Agreement,

no additional members may be admitted to the Company through issuance by the company of a new interest in

the Company without the prior unanimous written consent of the Members.

ARTICLE II

Capital Contributions

2.1 INITIAL CONTRIBUTIONS. The Members initially shall contribute to the Company capital as described

in Exhibit 2 attached to this Agreement. The total value of such property and cash is

____________________________.

2.2 ADDITIONAL CONTRIBUTIONS. Except as provided in ARTICLE 6.2, no Member shall be obligated

to make any additional contribution to the Company’s capital.

ARTICLE III

Profits, Losses, and Distributions

3.1 PROFITS/LOSSES. For financial accounting and tax purposes the Company’s net profits or net losses

shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member’s

relative capital interest in the Company, and as amended from time to time in accordance with Treasury

Regulation 1.704-1.

3.2 DISTRIBUTIONS. The Members shall determine and distribute available funds annually or at more

frequent intervals as they see fit. Available funds, as referred to herein, shall mean the net cash of the

Company available after appropriate provision for expenses and liabilities, as determined by the Members.

Distributions in liquidation of the Company or in liquidation of a Member's interest shall be made in accordance

with the positive capital account balances pursuant to Treasury Regulation 1.704-l(b)(2)(ii)(b)(2). To the extent

a Member shall have a negative capital account balance, there shall be a qualified income offset, as set forth in

Treasury Regulation 1.704-l(b)(2)(ii)(d).

3.3 C CORPORATION ELECTION. The Members may elect to be treated as a C corporation at any time to

keep the profits of the LLC at the company level and not be forced to distribute profits to the Members.

Address of Principal Place

of Business

Total Amount of Member Contributions

ARTICLE IV

Management

4.1 MANAGEMENT OF THE BUSINESS. The management of the business is invested in the Members.

The Members do appoint one Chief Executive Member. The Chief Executive Member is the Member with the

most responsibility and head of operations of the business. [Use this text if your LLC is Member-Managed]

OR

MANAGEMENT OF THE BUSINESS.This company shall be manager managed. The initial elected

managers are set forth in the articles of organization filed with the appropriate State agency. If the appropriate

State agency does not require the Managers names be set for the in the articles of organization, or the

organizer elects not to set forth the names of the Managers in the articles of organization, the Members may

elect the Managers in this agreement in the certification of Managers. Members holding a majority of the

capital interests in the Company may elect Managers as the Members determine. Managers listed in the

articles of organization and/or this agreement will serve as the Managers of this company until a meeting of

members is held and new Manager(s) elected. [Use this text if your LLC is Manager-Managed]

4.2 MEMBERS. The liability of the Members shall be limited as provided pursuant to applicable law.

Members may take part in the control, management, direction, or operation of the Company’s affairs and shall

have powers to bind the Company. Any legally binding agreement must be signed by all Members or present

approval of all other Members for one specific Member to sign the binding agreement.

(a) Any decision that involves a sale of the business, a loan, an acquisition of another company, must

have the unanimous consent of all member(s).

(b) All day to day decisions and management of the LLC will predominantly be made by the Chief

Executive Member, but may be made by any Member(s) in compliance with their duties as Members.

(c) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, a Member

may call a vote to decide the course of action. A simple majority vote must be completed to take an

action on behalf of the LLC in accordance with ARTICLE 4.5. The vote must be in writing. [Use this text

if your LLC is Member-Managed]

OR

MEMBERS. Members shall not take part in the operation of the Company’s affairs, unless they are

elected Managers. [Use this text if your LLC is Manager-Managed]

4.3 DUTIES OF MEMBERS. Each Member must have a duty.

(a) If a Member fails to do the Member’s duties for a period of 120 consecutive days, the Member

will lose its Membership interest. The start date of failure must be documented.

(b) If a Member fails to do its Member duties for a period of one hundred twenty (120) days out of

two hundred thirty nine (239) days, the Member will lose its Membership interest in accordance with this

article. The failure days must be documented.

(c) If a Member disputes the completion of another Members duties and is attempting to take over

the Members interest, it must do so in writing and certified delivery to the Members residential address

listed in exhibit 1. If certified delivery is not available, hand delivery is acceptable by a third party.

(d) Upon receipt of complaint, a Member in question of fulfilling the Members duties must remedy

and fulfill the duties it has established within fourteen (14) days.

(e) If Members become in dispute of what the Members duties are; if they are being fulfilled; and

have gone through the dispute process outlined in section (a) through (d) of this article, the Members

agree to enter into binding mediation or arbitration to decide if the Member’s duties are being performed

in compliance with the outlined agreed duties of attachment 1. If there is failure to reach an agreement

through arbitration or mediation of performed duties of Members, the Members in dispute agree to file a

complaint in the appropriate Court to procure a decision by the appropriate Court as to the fulfillment of

Members’ duties. Upon decision of the Court that a Member has or is failing to meet the duties it has

been prescribed to fulfill, the Member will loose and assign its Membership interest to the other

Member(s) still remaining. The assignment of the non-compliant Member’s membership interest will

establish a debt owed by the LLC in accordance with ARTICLE 8.

(f) A value of the non-compliant Member’s interest being transferred and assigned to the

complaining Member must be made before the transfer can be completed. During the course of the

transfer, the non-compliant Member will maintain complete powers of membership in the LLC.

(g) In the event of a dispute of Member’s duties, Members may negotiate an exchange of

Membership interests for a lesser amount of Member duties. [Use this text only if your LLC is Member-

Managed]

4.4 CHIEF EXECUTIVE MEMBER. The Chief Executive Member shall have primary responsibility for

managing the operations of the Company and for effectuating the decisions of the Members. [Include this

section only if your LLC is member-managed]

[Use the sections below for a Manager-Managed or Member-Managed LLC]

4.5 DISPUTES OF MEMBERS. Disputes among Members will be decided by a majority vote. A member

has the amount of votes according to the Members percent of interest. (Example: 11% is 11 votes.) There has

to be a majority vote for an action to take place.

4.6 POWERS OF ______________. The ______________ are authorized on the Company’s behalf to

make all decisions in accordance with ARTICLE 4.2 as to (a) the sale, development lease or other disposition

of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management

of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in

the Company’s assets; (e) the pre-payment, refinancing or extension of any loan affecting the Company’s

assets; (f) the compromise or release of any of the Company’s claims or debts; and, (g) the employment of

persons, firms, or corporations for the operation and management of the company’s business. In the exercise

of their management powers, the ______________ are authorized to execute and deliver (a) all contracts,

conveyances, assignments leases, sub-leases, franchise agreements, licensing agreements, management

contracts, and maintenance contracts covering or affecting the Company’s assets; (b) all checks, drafts, and

other orders for the payment of the Company’s funds; (c) all promissory notes, loans, security agreements, and

other similar documents; and, (d) all other instruments of any other kind relating to the Company’s affairs,

whether like or unlike the foregoing.

Members/Managers

4.7 NOMINEE. Title to the Company’s assets shall be held in the Company’s name or in the name of any

nominee that the ___________ may designate. The ___________ shall have power to enter into a nominee

agreement with any such person, and such agreement may contain provisions indemnifying the nominee,

except for his willful misconduct.

4.8 COMPANY INFORMATION. Upon request, the ____________________ shall supply to any Member

information regarding the Company or its activities. Each Member or his authorized representative shall have

access to and may inspect and copy all books, records, and materials in the ____________________’s

possession regarding the Company or its activities. The exercise of the rights contained in this ARTICLE 4.8

shall be at the requesting Member’s expense.

4.9 EXCULPATION. Any act or omission of the __________, the effect of which may cause or result in loss

or damage to the Company or the Members if done in good faith to promote the best interests of the Company,

shall not subject the ___________ to any liability to the Members.

4.10 INDEMNIFICATION. The Company shall indemnify any person who was or is a party defendant or is

threatened to be made a party defendant, pending or completed action, suit or proceeding, whether civil,

criminal, administrative, or investigative (other than an action by or in the right of the Company) by reason of

the fact that he is or was a Member of the Company, Manager, employee or agent of the Company, or is or

was serving at the request of the Company, for instant expenses (including attorney’s fees), judgments, fines,

and amounts paid in settlement actually and reasonably incurred in connection with such action, suit or

proceeding if the Members determine that he acted in good faith and in a manner he reasonably believed to be

in or not opposed to the best interest of the Company, and with respect to any criminal action proceeding, has

no reasonable cause to believe his/her conduct was unlawful. The termination of any action, suit, or

proceeding by judgment, order, settlement, conviction, or upon a plea of “no lo Contendere” or its equivalent,

shall not in itself create a presumption that the person did or did not act in good faith and in a manner which he

reasonably believed to be in the best interest of the Company, and, with respect to any criminal action or

proceeding, had reasonable cause to believe that his/her conduct was lawful.

4.11 RECORDS. The __________ shall cause the Company to keep at its principal place of business or at

another location agreeable by the Members, the following:

(a) A current list in alphabetical order of the full name and the last known street address of each

Member;

(b) A copy of the Certificate of Formation and the Company Operating Agreement and all amendments;

(c) Copies of the Company’s federal, state and local income tax returns and reports, if any, for the three

most recent years;

(d) Copies of any financial statements of the limited liability company for the _____ most recent years.

Members/Managers

Chief Executive Member/Manager

Members/Manager

#

Members/ Manager

ARTICLE V

Officers

[Include this Article for a Manager-Managed or Member-Managed LLC]

5.1 APPOINTMENT OF OFFICERS. The _______________ may appoint individuals as officers (“officers”)

of the Company, which may include a President, a Chief Executive Officer, a Chief Financial Officer, a

Secretary and such other officers (such as a Chief Operating Officer, a Treasurer or any number of Vice

Presidents) as the _______________ deems advisable. No officer need be a Member. An individual may be

appointed to more than one office. No officer of the Company shall have any rights or powers beyond the rights

and powers granted to such officer in this Agreement. The officers of the Company as of the date hereof are

listed on the attached Exhibit 3.

5.2 DUTIES OF OFFICERS GENERALLY. Under the direction of and, at all times, subject to the authority

of the _______________, the officers shall have the discretion to manage the day-to-day business, operations

and affairs of the Company in the ordinary course of its business, to make all decisions, except those expressly

reserved or requiring the approval of the _______________ hereunder, affecting the day-to-day business,

operations and affairs of the Company in the ordinary course of its business and to take all such actions as

they deem necessary or appropriate to accomplish the foregoing, in each case, unless the _______________

shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such

other powers and duties as may be prescribed by the _______________ or this Agreement. The President

shall have the power and authority to delegate to any agents or employees of the Company rights and powers

of officers of the Company to manage and control the day-to-day business, operations and affairs of the

Company in the ordinary course of its business, as the President may deem appropriate from time to time, in

each case, unless the _______________ shall have previously restricted (specifically or generally) such

powers. Notwithstanding the foregoing, no officer shall enter into or consummate any of the following

transactions without the prior approval of the _______________: (i) any transaction outside of the ordinary

course of the Company’s business consistent with past practice; (ii) the issuance of any Units or other security

of the Company; including any security convertible into any security; (iii) any sale of any material portion of the

Company’s assets (whether by asset purchase, stock purchase, merger or otherwise), except in the ordinary

course of the Company’s business; (iv) declare or pay any dividend or make any other distributions in respect

of any Units; (v) redeem or purchase or otherwise acquire any Units; (vi) incur any liabilities, obligations,

including guarantees, or indebtedness in excess of $25,000 individually, or as otherwise expressly provided in

the Company’s employment agreement with the President of the Company; (vii) approve any material deviation

from the then current operating budget as approved by the _______________; or (viii) any other acts requiring

the consent or approval of the _______________ under this Agreement.

5.3 AUTHORITY OF OFFICERS. Subject to Section 5.2, any officer of the Company shall have the right,

power and authority to transact business in the name of the Company or to act for or on behalf of or to bind the

Company. With respect to all matters within the ordinary course of business of the Company, third parties

dealing with the Company may rely conclusively upon any certificate of any officer to the effect that such officer

is acting on behalf of the Company.

Manager(s) /Managing Members

5.4 REMOVAL, RESIGNATION, AND FILING OF VACANCY OF OFFICERS. The _______________ may

remove any officer, for any reason or for no reason, at any time, subject to the terms of any then-existing

employment agreement. Any officer may resign at any time by giving written notice to the _______________,

and such resignation shall take effect at the date of the receipt of that notice or any later time specified in that

notice; provided, that unless otherwise specified in that notice, the acceptance of the resignation shall not be

necessary to make it effective. Any such resignation shall be without prejudice to the rights, if any, of the

Company or such officer under this Agreement or any employment or unit repurchase agreement then in

effect. A vacancy in any office because of death, resignation, removal or otherwise shall be filled in the manner

prescribed in this Agreement for regular appointments to that office.

5.5 COMPENSATION OF OFFICERS. The officers shall be entitled to receive compensation from the

Company as determined by the _______________, subject to any limitations imposed thereon as provided in

the Company’s employment agreement with the President of the Company.

5.6 PRESIDENT. Under the direction of and, at all times, subject to the authority of the _______________

and the limitations imposed by Section 5.2, the President shall have general supervision over the day-to-day

business, operations and affairs of the Company and shall perform such duties and exercise such powers as

are incident to the office of president under the GCL. The President shall have such other powers and perform

such other duties as may from time to time be prescribed by the _______________.

5.7 CHIEF FINANCIAL OFFICER. The Chief Financial Officer shall keep and maintain, or cause to be kept

and maintained, adequate and correct books and records of accounts of the properties and business

transactions of the Company, including accounts of its assets, liabilities, receipts, disbursements, gains,

losses, capital and Units, and, in general, shall perform all the duties incident to the office of the chief financial

officer of a corporation organized under the GCL. The Chief Financial Officer shall have the custody of the

funds and securities of the Company, and shall keep full and accurate accounts of receipts and disbursements

in books belonging to the Company. The Chief Financial Officer shall have such other powers and perform

such other duties as may from time to time be prescribed by the _______________ and/or the President,

subject to the limitations imposed by Section 5.2.

5.8 SECRETARY. The Secretary shall (i) keep the minutes and resolutions of any meetings of the

Members and of the _______________ in one or more books provided for that purpose; (ii) see that all notices

to be given by the Company are duly given in accordance with the provisions of this Agreement and as

required by law; (iii) be custodian of the company records; (iv) keep a register of the addresses of each

Member which shall be furnished to the Secretary by such Member; (v) have general charge of the Members

Schedule; and (vi) in general perform all duties incident to the office of the secretary of a corporation organized

under the GCL. The Secretary shall have such other powers and perform such other duties as may from time

to time be prescribed by the _______________ and/or the President, subject to the limitations imposed by

Section 5.2.

5.9 OTHER OFFICERS. All other officers of the Company shall have such powers and perform such duties

as may from time to time be prescribed by the _______________ and/or the President, subject to the

limitations imposed by Section 5.2.

Manager(s) /Managing Members

ARTICLE VI

Compensation

[Include this Article for a Manager-Managed or Member-Managed LLC]

6.1 MANAGEMENT FEE. Any _________ rendering services to the Company shall be entitled to

compensation commensurate with the value of such services as all members unanimously agree upon.

6.2 REIMBURSEMENT. The Company shall reimburse the _________ for all direct out-of-pocket expenses

incurred by them in managing the Company if unanimously agreed upon by all Members.

ARTICLE VII

Bookkeeping

[Include this Article for a Manager-Managed or Member-Managed LLC]

7.1 BOOKS. The _________ shall maintain complete and accurate books of account of the Company’s

affairs at the Company’s principal place of business or at another location agreeable by the Members. Such

books shall be kept on such method of accounting as the _________ shall select.

7.2 MEMBER’S ACCOUNTS. The _________ shall maintain separate capital and distribution accounts for

each Member. Each Member’s capital account shall be determined and maintained in the manner set forth in

Treasury Regulation 1.704-l(b)(2)(iv) and shall consist of his initial capital contribution increased by:

(a) Any additional capital contribution made by him/her;

(b) Credit balances transferred from his distribution account to his capital account;

and decreased by:

(a) Distributions to him/her in reduction of Company capital;

(b) The Member’s share of Company losses if charged to his/her capital account.

7.3 REPORTS. The _________ shall close the books of account after the close of each calendar year, and

shall prepare and send to each member a statement of such Member’s distributive share of income and

expense for income tax reporting purposes.

7.4 FISCAL YEAR. The fiscal year of the Company shall end on _____________.

Member/ Manager

Month and day

Member/ Manager

ARTICLE VIII

Transfers

[Include this Article for a Manager-Managed or Member-Managed LLC]

8.1 ASSIGNMENT. If at any time a Member proposes to sell, assign or otherwise dispose of all or any part

of its interest in the Company, Member shall comply with the following procedures:

(a) First make a written offer to sell such interest to the other Member(s) at a price determined in

writing. At this point exiting member may not make this intention publicly known. If such other Members

decline or fail to elect such interest within ___ days, the exiting member may advertise its membership

interest for sale as it sees fit.

(b) If a member has a buyer of members interest, the other current member(s) have first right of refusal

to purchase the exiting members interest for the agreed purchase price. If there are more than one

current remaining members, remaining members may combine funds to purchase the exiting members

interest. Exiting member must show that potential purchaser has full certified funds, or the ability to get

full certified funds before the first right of refusal period starts. Current members have ___ days to buy

exiting members interest if they so desire.

(c) Pursuant to the applicable law, current members may unanimously approve the sale of exiting

members’ interests to grant full membership benefits and functionality to the new member. The current

remaining members must unanimously approve the sale, or the purchaser or assignee will have no

right to participate in the management of the business, affairs of the Company, or member voting rights.

The purchaser or assignee shall only be entitled to receive the share of the profits or other

compensation by way of income and the return of contributions to which that Member would otherwise

be entitled. Exiting member must disclose to buyer or assignee if current members will not approve the

sale.

8.2 VALUATION OF EXITING MEMBERS INTEREST. If a Member wants to exit the LLC, and does not

have a buyer of its membership interest, exiting member will assign its interest to current members according

to the following set forth procedures:

(a) A value must be placed upon this membership interest before assigned.

(b) If exiting member and current members do not agree on the value of this membership interest,

exiting member must pay for a certified appraiser to appraise the LLC company value, and the exiting

members’ value will be assigned a value according to the exiting members’ interest percentage.

(c) The current members must approve the certified appraiser used by exiting member. Current

members have ___ days to approve the exiting members certified appraiser. If current members

disapprove the certified appraiser, they must show evidence to support their disapproval of the certified

appraiser as a vendor qualified to make the LLC business appraisal. Current members may not stall the

process by disapproving all certified appraisers.

(d) Upon completion of a certified appraiser placing a value on the LLC, a value will be placed on

exiting members’ interest according to exiting members’ percentage of membership interest.

(e) If current members disagree with the value placed on exiting members’ interest, current members

must pay for a certified appraiser to value the LLC and exiting members’ interest according to the same

terms.

#

(f) Current members’ appraiser must be completed within ___ days or right of current members to

dispute the value of exiting members interest expires.

(g) Upon completion of current members certified appraiser, the exiting member must approve the

value placed on exiting members’ interest. Exiting member has ___ days to approve this value.

(h) If exiting member does not approve current members’ appraiser value, the value of the LLC will be

determined by adding both parties’ values, then dividing that value in half, then creating the value of the

exiting members’ interest according to the exiting members’ percentage of membership interest.

8.3 DISTRIBUTION OF EXITING MEMBERS INTEREST. Upon determination of exiting members’ interest

value, the value will be a debt of the LLC. The exiting member will only be able to demand payment of this debt

at dissolution of the LLC or the following method:

(a) LLC will make timely payments.

(b) LLC will only be required to make payments towards exiting members’ debt if LLC is profitable and

passed income to current members.

(c) LLC must make a debt payment to exiting member if LLC passed income of 50% of the total

determined value of the exiting members’ interest in one taxable year. (Example: If exiting members’

value was $100,000 and current member(s) received $50,000 taxable income in the taxable year, the

LLC would owe a debt payment to exiting member. If current member(s) only received $90,000 in

passed income, there would be no payment due.)

(d) Debt payment must be at least 10% of the value of the passed income to current LLC members.

(e) LLC must make payment to exiting member within ___ days of the end of the taxable year for the

LLC.

(f) Payment schedule will continue until exiting members debt is paid by LLC.

(g) If LLC dissolves, exiting member will be a regular debtor and payment will follow normal LLC

dissolution payment statutes.

(h) Exiting members’ value of membership interest it assigned current members may NOT accrue

interest.

(i) LLC can pay off amount owed to exiting member at any time if it so desires.

Certificate of Formation

This Company Operating Agreement is entered into and shall become effective as of the Effective Date by and

among the Company and the persons executing this Agreement as Members. It is the Members’ express

intention to create a limited liability company in accordance with applicable law of the State of _____________,

as currently written or subsequently amended or redrafted.

The undersigned hereby agree, acknowledge, and certify that the foregoing operating agreement is adopted

and approved by each Member, the agreement consisting of ____ pages, constitutes, together with Exhibit 1,

Exhibit 2, and Exhibit 3 (if any), the Operating Agreement of

____________________________________________________, adopted by the member as of

______________ _______, 20______.

#

State of Organization

#

Name of LLC

Month

Day

Year

EXHIBIT 1

Certification of Members

The undersigned hereby agree, acknowledge and certify to adopt this Operating Agreement.

Signed this _____ day of ____________________, 20_____.

_________________________________

Signature

_________________________________

Printed Name

Chief Executive Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

_________________________________

Signature

_________________________________

Printed Name

Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

Day

Month

Year

Name of Member

%

Member Address

Member's Duties

Name of Member

%

Member Address

Member's Duties

_________________________________

Signature

_________________________________

Printed Name

Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

_________________________________

Signature

_________________________________

Printed Name

Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

Name of Member

%

Member Address

Member's Duties

Name of Member

%

Member Address

Member's Duties

_________________________________

Signature

_________________________________

Printed Name

Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

_________________________________

Signature

_________________________________

Printed Name

Member ______ Percent

Address: _________________________________

_________________________________

Duties: ____________________________________________________________________________

____________________________________________________________________________

_________________________________

Signature

_________________________________

Printed Name

Name of Member

%

Member Address

Member's Duties

Name of Member

%

Member Address

Member's Duties

Name of Member

EXHIBIT 2

Capital Contributions

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Portion of Total Contribution

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Portion of Total Contribution

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

Pursuant to ARTICLE 2, _____________’s initial contribution to the Company capital is stated to be

$______________________. The description and each individual portion of this initial contribution are as

follows:

__________________________________________________________ $______________

EXHIBIT 3

Officers

The Officers of _____________________, as of _____________ ______, 20___, are as follows:

Officer Name Officer Title

___________________________________ President

___________________________________ Chief Financial Officer

___________________________________ Secretary

___________________________________ Treasurer

___________________________________ ___________________________________

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Portion of Total Contribution

Name of Member

Total Amount of Member's Contribution

Description of Contribution

Name of LLC

Month of Execution

Day

Year

Name of Officer

Officer Title

Name of Officer

Officer Title

Name of Officer

Officer Title

Name of Officer

Officer Title

Portion of Total Contribution

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