Member Managed LLC Operating Agreement Template for Pakistan

1. Tax Matters: Specific tax elections and procedures - include if LLC has complex tax arrangements

2. Intellectual Property Rights: IP ownership and protection - include if LLC develops or owns significant IP

3. Non-Compete and Confidentiality: Restrictions on competition and information sharing - include if business involves sensitive information or trade secrets

4. Insurance Requirements: Mandatory insurance coverage - include if business has significant liability risks

5. Alternative Dispute Resolution: Mediation and arbitration procedures - include if members prefer alternatives to court litigation

6. Family Succession Rights: Rules for family inheritance of interests - include if LLC is family-owned

7. Islamic Finance Compliance: Provisions ensuring compliance with Islamic banking principles - include if operating under Islamic finance principles

1. Schedule A - Member Information: Detailed information about each member including contact details and initial capital contributions

2. Schedule B - Initial Capital Contributions: Itemized list of all initial capital contributions, including valuations of non-cash contributions

3. Schedule C - Membership Interests: Detailed breakdown of ownership percentages and voting rights

4. Schedule D - Business Plan: Initial business plan and projected financials

5. Appendix 1 - Specimen Signature Page: Sample signature page for future references and verifications

6. Appendix 2 - Company Policies: Standard operating procedures and internal policies

7. Appendix 3 - Meeting Procedures: Detailed procedures for conducting member meetings