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Preview - Texas Operating Agreement Form
Texas Operating Agreement Template
This Texas Operating Agreement (“Agreement”) is made effective as of [Effective Date], by and between the Members listed below, pursuant to the Texas Limited Liability Company Act (Tex. Bus. Org. Code Ann. § 101.001 et seq.).
Members:
[Member Name 1] - [Address]
[Member Name 2] - [Address]
[Additional Members]
Article I: Formation
The Members hereby form a Limited Liability Company (LLC) under the laws of the State of Texas. The name of the LLC is [LLC Name].
Article II: Purpose
The purpose of this LLC is to [Describe Purpose or Business Activity].
Article III: Management
The LLC shall be managed by the Members. Each Member shall have the authority to bind the LLC in contracts and comply with the laws of Texas.
Article IV: Capital Contributions
Each Member agrees to contribute the following capital to the LLC:
- [Member Name 1]: [Contribution Amount]
- [Member Name 2]: [Contribution Amount]
- [Additional Contributions]
Article V: Distributions
Distributions of profits and losses shall be allocated among the Members in proportion to their respective ownership percentages, as follows:
- [Member Name 1]: [Percentage]
- [Member Name 2]: [Percentage]
- [Additional Percentages]
Article VI: Duration
The duration of the LLC shall continue until dissolved as provided herein or under Texas law.
Article VII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Article VIII: Governing Law
This Agreement is governed by the laws of the State of Texas.
IN WITNESS WHEREOF, the Members have signed this Agreement on the [Day] of [Month], [Year].
Member Signatures:
_________________________ [Member Name 1]
_________________________ [Member Name 2]
_________________________ [Additional Members]
This template provides a clear and straightforward framework for a Texas Operating Agreement, tailored to accommodate the necessary information and signatures for the members involved. Adjust the placeholders as needed to fit specific details for your LLC.Create Other Common Operating Agreement Forms for Different States
Operating Agreement Llc Pa Template - The Operating Agreement can outline the specific contributions of each member.
Does Ohio Require an Operating Agreement for an Llc - It emphasizes the importance of written agreements in business.
Similar forms
- Partnership Agreement: Like an Operating Agreement, a Partnership Agreement outlines the roles, responsibilities, and profit-sharing among partners in a business. Both documents aim to clarify expectations and prevent disputes.
- Bylaws: Bylaws serve as the internal rules for a corporation, similar to how an Operating Agreement governs an LLC. Both establish procedures for decision-making, meetings, and management structure.
- Shareholder Agreement: This document is used by corporations to define the relationship between shareholders. Similar to an Operating Agreement, it addresses ownership rights, transfer of shares, and dispute resolution among owners.
- LLC Membership Certificate: While an Operating Agreement details the management and operational aspects of an LLC, a Membership Certificate serves as proof of ownership. Both documents are essential for defining member rights and responsibilities.
- Joint Venture Agreement: This agreement outlines the terms of collaboration between two or more parties for a specific project. Like an Operating Agreement, it details the contributions, profits, and management roles of each party involved.