Limited Liability Company Llc Operating Agreement Template for United States

1. Buy-Sell Provisions: Detailed procedures for buying out members in specific circumstances, recommended for multi-member LLCs

2. Succession Planning: Provisions for business continuity and ownership transition, important for family businesses

3. Confidentiality and Non-Compete: Restrictions on information sharing and competition, crucial for LLCs with trade secrets or competitive concerns

4. Intellectual Property Rights: Ownership and management of IP assets, important for technology or creative businesses

5. Employment of Members: Terms for members working in the business, relevant when members are active in operations

6. Special Allocations: Complex profit/loss allocation provisions, useful for investment or real estate LLCs

7. Class Structure: Different classes of membership interests with varying rights, useful for raising capital

8. Advisory Board: Establishment and powers of an advisory board, helpful for larger or complex businesses

9. Dispute Resolution: Detailed procedures for resolving conflicts, recommended for multi-member LLCs

10. International Operations: Provisions for foreign operations or members, necessary for international businesses

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

2. Schedule B - Capital Accounts: Initial capital account balances and contribution details

3. Schedule C - Management Structure: Organizational chart and management responsibilities if manager-managed

4. Schedule D - Special Tax Provisions: Detailed tax allocations and special tax election information

5. Schedule E - Approved Officers: List of authorized officers and their powers, if applicable

6. Appendix 1 - Joinder Agreement: Template for adding new members

7. Appendix 2 - Buy-Sell Valuation Methods: Detailed procedures for valuing membership interests

8. Appendix 3 - Approved Transfer Recipients: List of pre-approved potential transferees, if any

9. Appendix 4 - Initial Business Plan: Initial operating plan and budget, if applicable

10. Appendix 5 - Required Regulatory Provisions: Industry-specific regulatory requirements, if applicable