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Construction LLC Operating Agreement
"I need a Construction LLC Operating Agreement for a new residential construction company being formed by three partners in Manchester, with specific provisions for equipment sharing and project management protocols, to be effective from March 2025."
1. Parties: Identification and details of all members of the LLC
2. Background: Context and purpose of forming the construction LLC
3. Definitions: Key terms used throughout the agreement
4. Formation: Details of company formation, registered office, and business purpose
5. Capital Contributions: Initial and ongoing capital requirements from members
6. Profit and Loss Distribution: How profits and losses will be allocated among members
7. Management Structure: Governance structure and decision-making processes
8. Voting Rights: Member voting powers and procedures
9. Transfer of Interests: Rules regarding transfer of membership interests
1. Project-Specific Provisions: Specific terms for construction projects when the LLC focuses on specific types of construction projects
2. Equipment Ownership: Terms regarding ownership and use of construction equipment when the LLC owns significant construction equipment
3. Insurance Requirements: Specific insurance obligations when additional coverage is needed beyond standard requirements
1. Schedule 1: Members' Capital Contributions: Detailed breakdown of initial and committed capital contributions
2. Schedule 2: Management Structure: Detailed organizational chart and management responsibilities
3. Schedule 3: Asset Register: List of company-owned construction equipment and assets
4. Appendix A: Members' Information: Detailed information about each member including contact details
5. Appendix B: Construction Licenses: Copies of relevant construction licenses and certifications
Authors
Additional Capital Contribution
Articles of Association
Board
Business
Business Day
Business Plan
Capital Account
Capital Contribution
CDM Regulations
Company
Company Property
Construction Equipment
Construction Project
Construction Services
Defaulting Member
Directors
Dissolution Event
Distribution
Effective Date
Encumbrance
Financial Year
Initial Capital Contribution
Insolvency Event
Interest
Managing Member
Member
Membership Interest
Officers
Operating Agreement
Percentage Interest
Permitted Transfer
Project Manager
Qualifying Project
Registered Office
Related Party
Relevant Construction Laws
Reserved Matters
Resolution
Share
Subsidiary
Transfer
Unanimous Consent
Voting Rights
Capital Contributions
Membership Interests
Management Structure
Voting Rights
Meetings
Financial Matters
Profit and Loss Distribution
Tax Matters
Transfer Restrictions
Admission of New Members
Withdrawal and Resignation
Dissolution and Winding Up
Health and Safety
Construction Operations
Equipment and Assets
Insurance Requirements
Compliance
Confidentiality
Intellectual Property
Non-Competition
Dispute Resolution
Force Majeure
Notices
Amendment Procedures
Governing Law
Indemnification
Records and Accounting
Bank Accounts
Project Management
Quality Control
Subcontracting
Environmental Compliance
Representations and Warranties
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