Limited Liability Company Operating Agreement Template for United States

1. Buy-Sell Provisions: Detailed procedures for buying out members in case of death, disability, or other triggering events

2. Conversion Rights: Rights to convert membership interests into other classes of interests

3. Employment of Members: Terms for members who are also employees of the LLC

4. Intellectual Property Rights: Provisions regarding ownership and use of company IP

5. Non-Compete and Confidentiality: Restrictions on competition and protection of confidential information

6. Special Allocations: Complex tax allocation provisions for sophisticated investors

7. Series LLC Provisions: Required if operating as a series LLC in applicable states

8. International Operations: Provisions for LLCs operating across borders

9. Preferred Member Rights: Special rights for preferred membership interests

10. Advisory Board: Structure and powers of any advisory board

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

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

3. Schedule C - Membership Interests: Detailed breakdown of membership interests and classes

4. Schedule D - Management Structure: Organizational chart and management responsibilities

5. Schedule E - Tax Elections: Specific tax elections made by the LLC

6. Appendix 1 - Defined Terms: Extended glossary of defined terms

7. Appendix 2 - Transfer Procedures: Detailed procedures for transferring membership interests

8. Appendix 3 - Valuation Methods: Agreed methods for valuing membership interests

9. Appendix 4 - Required Notices: Forms of notices required under the agreement

10. Appendix 5 - Competition Restrictions: Detailed non-compete territories and restricted activities