The Member Managed LLC Agreement serves as the foundational document for businesses in New Zealand where owners wish to maintain direct operational control while enjoying limited liability protection. Although New Zealand doesn't specifically use the term "LLC," this agreement adapts the member-managed principles to comply with New Zealand's Companies Act 1993 and related legislation. It's particularly suitable for small to medium-sized businesses, family enterprises, and professional service firms where owners want active involvement in daily operations. The document comprehensively covers ownership rights, management responsibilities, decision-making processes, financial arrangements, and dispute resolution mechanisms. It's essential for establishing clear governance structures and protecting member interests while maintaining operational flexibility.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies all founding members and the company entity
2. Background: Sets out the context and purpose for establishing the LLC
3. Definitions and Interpretation: Defines key terms and establishes rules for interpreting the agreement
4. Company Formation and Purpose: Details of company registration, business purpose, and principal place of business
5. Membership Interest and Capital Contributions: Specifies initial capital contributions, ownership percentages, and rules for additional contributions
6. Members' Rights and Obligations: Outlines voting rights, management responsibilities, and general member obligations
7. Management and Decision Making: Details day-to-day management procedures, voting thresholds, and decision-making processes
8. Meetings and Resolutions: Procedures for member meetings, notice requirements, and passing resolutions
9. Financial Matters: Covers profit distribution, losses, tax allocations, and accounting practices
10. Transfer of Membership Interests: Rules regarding selling, transferring, or encumbering membership interests
11. Exit Provisions: Procedures for member withdrawal, retirement, death, or disability
12. Dispute Resolution: Process for resolving conflicts between members
13. Confidentiality and Non-Competition: Obligations regarding company information and competitive activities
14. Amendment and Termination: Procedures for modifying the agreement and dissolving the company
15. General Provisions: Standard clauses including notices, governing law, and severability
1. Intellectual Property Rights: Required when the company owns or develops significant IP assets
2. Employment of Members: Needed when members will also serve as employees
3. Advisory Board: Used when the company plans to establish a non-member advisory board
4. International Operations: Required for companies planning to operate across borders
5. Preferred Members: Needed when certain members have preferential rights or status
6. Family Succession Planning: Important for family-owned businesses planning generational transfer
7. Insurance Requirements: Detailed insurance obligations when business has specific risk profiles
8. Environmental Compliance: Required for businesses with environmental impacts or obligations
1. Schedule 1: Member Details: List of members with contact information and initial capital contributions
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Ownership Schedule: Detailed breakdown of membership interests and voting rights
4. Schedule 4: Company Assets: List of initial company assets and their values
5. Schedule 5: Approved Signatories: Members authorized to sign various documents on behalf of the company
6. Appendix A: Meeting Procedures: Detailed procedures for conducting member meetings
7. Appendix B: Valuation Methods: Agreed methods for valuing membership interests
8. Appendix C: Form of Transfer Notice: Template for notifying transfer of membership interests
Find the exact document you need
Standard Operating Agreement
A New Zealand-governed agreement establishing operational terms and procedures between business parties, defining service delivery and performance requirements.
Download
Member Managed LLC Agreement
A New Zealand-governed agreement establishing the structure and operations of a member-managed limited liability company, defining member rights and management responsibilities.
Download
Standard Operating Agreement For LLC
A legal document establishing governance and operational procedures for Limited Liability Companies under New Zealand law.
Download
LLC Business PartnershIP Agreement
A New Zealand-compliant agreement establishing the terms and conditions for partners operating a Limited Liability Company, including ownership, management, and operational guidelines.
Download
Standard LLC Agreement
A New Zealand-compliant agreement establishing the governance structure and operational framework for a Limited Liability Company under NZ law.
Download
Operating Service Agreement
A New Zealand-governed agreement establishing terms for operational service delivery between provider and customer, including service specifications, standards, and compliance requirements.
Download
Management Agreement Between Two Companies
A New Zealand-governed agreement establishing terms for management services provision between two companies.
Download
Limited Liability Agreement
A New Zealand-compliant agreement that establishes and limits liability between contracting parties, defining liability caps, exclusions, and risk allocation.
Download
Joint Operating Agreement
A New Zealand-governed agreement establishing the framework for joint operations between multiple parties, detailing rights, obligations, and management procedures for shared business ventures.
Download
Holding Company Operating Agreement
A New Zealand-governed agreement establishing the operational and governance framework for a holding company and its subsidiaries.
Download
LLC Holding Company Operating Agreement
A comprehensive operating agreement for holding companies in New Zealand, establishing governance structure and operational framework under NZ law.
Download
Single Owner LLC Operating Agreement
A New Zealand-governed operating agreement establishing the framework and rules for a single-member Limited Liability Company.
Download
Limited Liability Company Operating Agreement
A New Zealand-governed agreement establishing the operational framework and member relationships for a limited liability company.
Download
Operating Agreement For Member Managed Limited Liability Company
A New Zealand-governed agreement establishing the operational framework and member relationships for a member-managed Limited Liability Company.
Download
Sole Proprietorship Operating Agreement
A legal framework document for sole proprietorship businesses in New Zealand, outlining operational procedures and compliance requirements under New Zealand law.
Download
Member Managed LLC Operating Agreement
A New Zealand-compliant legal agreement establishing the governance structure and operational framework for a member-managed Limited Liability Company.
Download
Partnership Operating Agreement
A New Zealand-compliant legal agreement establishing the terms, conditions, and governance structure for operating a partnership business.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it