Limited Liability Operating Agreement Template for United States

1. Drag-Along Rights: Include when majority members want the right to force minority members to join in the sale of the company

2. Tag-Along Rights: Include when minority members want the right to join in sales by majority members

3. Special Purpose Provisions: Include for specific industry requirements or special business purposes

4. Buy-Sell Provisions: Include detailed procedures for buying out members in specific circumstances

5. Non-Compete and Confidentiality: Include when members need to be bound by non-compete and confidentiality obligations

6. Special Voting Rights: Include when certain members have special voting rights or veto powers

7. Investment Representations: Include when membership interests might be considered securities

8. Put and Call Rights: Include when members want options to buy or sell interests at predetermined terms

1. Schedule A - Members and Capital Contributions: Detailed list of members, their initial capital contributions, and membership interests

2. Schedule B - Members' Contact Information: Contact details and addresses of all members

3. Schedule C - Tax Matters: Detailed tax allocations and special tax elections

4. Schedule D - Management Structure: Detailed organizational chart and management responsibilities if manager-managed

5. Appendix 1 - Form of Membership Certificate: Template for membership certificates if used

6. Appendix 2 - Transfer Notice Form: Standard form for notifying the LLC of intended membership transfers

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

8. Appendix 4 - Buy-Sell Procedures: Detailed procedures and forms for implementing buy-sell provisions