Operating Agreement For Member Managed Limited Liability Company Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Operating Agreement For Member Managed Limited Liability Company

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Operating Agreement For Member Managed Limited Liability Company

"I need an Operating Agreement For Member Managed Limited Liability Company for my new tech startup in Singapore with tHRee equal partners, including specific provisions for intellectual property rights and a clause requiring unanimous consent for any future capital calls."

Document background
The Operating Agreement For Member Managed Limited Liability Company is essential when establishing an LLC in Singapore where members directly manage the company's operations. This document is crucial for businesses seeking to clearly define their organizational structure, management responsibilities, and operational procedures while maintaining compliance with Singapore's corporate laws. It includes detailed provisions for capital contributions, profit sharing, decision-making processes, and member rights, serving as the primary reference for resolving internal disputes and guiding company operations.
Suggested Sections

1. Parties: Identification of all LLC members and their details

2. Background: Context and purpose of forming the LLC

3. Definitions: Key terms used tHRoughout the agreement

4. Formation: Details of LLC formation and registration

5. Capital Contributions: Initial and subsequent capital contribution requirements

6. Membership Interests: Allocation of ownership percentages

7. Management Structure: Decision-making processes and voting rights

8. Profit and Loss Distribution: Method of distributing profits and losses

9. Meetings and Voting: Procedures for member meetings and voting

10. Transfer Restrictions: Rules regarding transfer of membership interests

11. Dissolution: Process for company dissolution

Optional Sections

1. Non-Compete Provisions: Restrictions on competitive activities by members when there are competing business interests

2. Intellectual Property Rights: IP ownership and usage rights for cases where LLC will develop or use significant intellectual property

3. International Operations: Rules for international business activities when LLC operates across borders

4. Employee Management: Rules for hiring and managing employees when LLC plans to have employees

Suggested Schedules

1. Schedule A - Initial Capital Contributions: Detailed breakdown of members' initial contributions

2. Schedule B - Membership Interests: Detailed allocation of ownership percentages

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

4. Appendix 1 - Voting Procedures: Detailed voting mechanisms and requirements

5. Appendix 2 - Member Contact Information: Contact details for all members

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Limited Liability Partnerships Act 2005: Primary legislation governing the formation, registration, and regulation of limited liability partnerships in Singapore

Companies Act (Cap. 50): Fundamental legislation governing company operations, corporate structures, and business conduct in Singapore

Business Names Registration Act 2014: Legislation governing the registration and regulation of business names in Singapore

Personal Data Protection Act 2012: Law governing the collection, use, disclosure, and care of personal data in Singapore

ACRA Requirements: Regulatory requirements set by the Accounting and Corporate Regulatory Authority for business entities in Singapore

IRAS Regulations: Tax regulations and compliance requirements set by the Inland Revenue Authority of Singapore

Employment Act: Legislation governing employment relationships and worker protections in Singapore

MAS Regulations: Regulatory framework set by the Monetary Authority of Singapore for financial and business operations

Corporate Governance Requirements: Specific provisions for company management, member rights, and organizational structure

Capital Contribution Framework: Rules and procedures governing member capital contributions and related obligations

Profit Distribution Mechanism: Guidelines for the allocation and distribution of company profits among members

Voting Rights Procedures: Protocols for member voting, decision-making processes, and voting rights allocation

Management Structure: Framework defining organizational hierarchy, roles, and decision-making authority

Dispute Resolution Procedures: Mechanisms and processes for resolving conflicts between members or with external parties

Exit Provisions: Rules governing member withdrawal, transfer of interests, and company dissolution procedures

Annual Filing Requirements: mandatory annual reporting and documentation requirements for maintaining company compliance

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Single Member Manager Managed LLC Operating Agreement

find out more

Real Estate Operating Agreement LLC

find out more

Operating Agreement For LLP

find out more

LLC Business Partnership Agreement

find out more

Multi Member Operating Agreement

find out more

Manager Managed Operating Agreement

find out more

Management Company Operating Agreement

find out more

Basic Operating Agreement

find out more

Operating Agreement For Incorporation

find out more

Operating Agreement For Corporation

find out more

Members Agreement For LLC

find out more

Management Agreement Between Two Companies

find out more

LLC Equity Agreement

find out more

Limited Liability Agreement

find out more

Limited Company Agreement

find out more

Joint Operation Contract

find out more

Joint Operation Agreement

find out more

Joint Operating Agreement

find out more

General Partnership Operating Agreement

find out more

Asset Protection LLC Operating Agreement

find out more

Limited Liability Company LLC Operating Agreement

find out more

Single Member Managed LLC Operating Agreement

find out more

Limited Liability Operating Agreement

find out more

Real Estate Holding Company Operating Agreement

find out more

Member Managed Operating Agreement

find out more

Operating Agreement For Member Managed Limited Liability Company

find out more

Limited Liability Company Operating Agreement Single Member

find out more

Bylaws Operating Agreement

find out more

LLC Shareholder Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.