Operating Agreement For Member Managed Limited Liability Company Template for Germany

1. Intellectual Property Rights: Used when the company has significant IP assets, defining ownership and usage rights

2. Employment of Members: Required when members will be employed by the LLC, defining employment terms

3. Tag-Along and Drag-Along Rights: Included for larger LLCs or when future sale possibilities are anticipated

4. Dispute Resolution: Detailed procedures for resolving conflicts, including mediation or arbitration provisions

5. Non-Competition: Restrictions on members' competitive activities, used when protecting market position is crucial

6. International Operations: Required when the LLC operates across borders, addressing international business aspects

7. Special Purpose Vehicles: Used when the LLC plans to create subsidiaries or special purpose entities

8. Advisory Board: When the LLC wants to establish a non-statutory advisory board

1. Schedule A - Member Information: Detailed list of members, contact information, and initial capital contributions

2. Schedule B - Asset Valuation: Valuation details of non-cash contributions to capital

3. Schedule C - Business Plan: Initial business plan and operating guidelines

4. Schedule D - Property Schedule: List of company-owned or leased properties and assets

5. Appendix 1 - Meeting Procedures: Detailed procedures for conducting member meetings

6. Appendix 2 - Financial Reporting Templates: Standard formats for required financial reports

7. Appendix 3 - Signature Authorities: Documentation of signing powers and authority limits

8. Appendix 4 - Compliance Guidelines: Summary of key regulatory compliance requirements