Nov 5, 2025 · A multi-member LLC operating agreement is a binding agreement between the members of a company that includes terms related to ownership, management, and operations.

A multi-member LLC operating agreement is an essential document that outlines the ownership and operational structures and procedures of an LLC with two or more members.

The nonvoting Members have no right to vote. The Voting Members may act only (Check one) ☐ collectively and unanimously ☐ with majority-in-int rest ☐ with a 2/3-majority-in-interest. For …

This Agreement constitutes the entire agreement among the Members and supersedes all prior agreements, understandings, and negotiations. No oral statements or prior written material not …

If your LLC is run by active members rather than designated managers, our member‑managed operating agreement template outlines clear rules for member roles, profit distribution, decision‑making …

Multi-member LLC operating agreement template. Free operating agreement sample template for a member-managed LLC with multiple members.

Dec 11, 2025 · Even though many states don’t require a written operating agreement, having one is crucial for any multi-member LLC. A sample operating agreement for two member LLCs not only …