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Summary of Provisions of Model LLC Operating Agreement Form

Don't risk your personal limited liability protection or increase the chances of later disputes and problems with your LLC.  The LLC Operating Agreement is the MOST IMPORTANT DOCUMENT for your LLC. 

Insist upon a professional agreement form from experts in LLC matters.  We are not a forms company offering thousands of generic forms.  We are LLC specialists.

Our Model LLC Operating Agreement Form was created by business attorneys who are expert in forming and representing LLCs (and their owners).  The Model LLC Operating Agreement Forms were created using only the best and up to date provisions taken from legal agreements actually used by specialized business law firms and the business practices of several national law firms.

Click Here to see a more detailed Summary of Provisions contained in our Model LLC Form Agreements.

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       I understand that the LLC Operating Agreement form will highlight the areas
       where I will need to insert the information specific to my LLC.  This way, the
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      State Specific Model LLC Operating Agreement Forms
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**** Our Model LLC Operating Agreements are not substitute for legal advice.  If you are in need of legal advice with respect to your LLC, please consult an attorney. 

**** Please note that our Operating Agreement is a standard operating agreement and does not contain any advanced provisions such as involuntary disassociation or forfeiture of membership units. Accordingly, once your LLC issues membership interests to a Member, that Member is entitled to his/her ownership in the LLC and the LLC or the other Members cannot take back or buy back Membership Interests of a member without that members consent. If you have any concerns or desire the right to buy back other Member’s interests at a later date for any reason, you should seek the advice of an attorney to draft advance provisions that are specific to your business situation which you can have added to your LLC Operating Agreement.

**** Complex LLCs Should Use an Attorney:  If your LLC requires complex tax planning or if your LLC will have Members that are insisting on the inclusion of investor driven provisions that benefit them specifically, the best advice I can give you is to retain a competent business attorney to draft the LLC Operating Agreement for your LLC.  In those situations, there is no substitute for legal advice.  For complex LLCs, an attorney is the best option to protect your interests.

Disclaimer: The information provided on this site is for educational purposes only and does not constitute the provision of legal advice.  A document preparation and filing service is not the substitute for legal advice and any new business owner seeking legal or professional advice regarding new business legal entity, tax or other legal matters should seek the advice of an attorney or accountant.

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