All Countries
Risk Management
LLC Management Agreement

LLC Management Agreement Template for South Africa

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

4.6 / 5
4.8 / 5

Let's create your LLC Management Agreement

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:

LLC Management Agreement

"I need an LLC Management Agreement for my South African technology startup that will appoint an external management company to handle day-to-day operations starting March 2025, with special focus on international expansion and protection of intellectual property."

Celebrated by
Collaborations with
Investors
Document background
The LLC Management Agreement is a critical document used when a Private Company (Pty) Ltd in South Africa wishes to formalize its management structure or engage external management services. This agreement, governed by South African law, particularly the Companies Act 71 of 2008, establishes the framework for professional management services, whether provided by a management company or individual managers. It's essential when companies seek to professionalize their management, bring in external expertise, or establish clear governance structures. The document defines management scope, responsibilities, compensation, performance metrics, and reporting requirements while ensuring compliance with South African corporate governance standards and regulatory requirements. It's particularly relevant for growing companies, family businesses transitioning to professional management, or organizations requiring specialized management expertise.
Suggested Sections

1. Parties: Identification of the LLC and the management team/company entering into the agreement

2. Background: Context of the agreement and brief description of the LLC's business

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Appointment and Term: Terms of management appointment and duration of the agreement

5. Scope of Services: Detailed description of management services to be provided

6. Management Rights and Responsibilities: Specific powers, duties, and limitations of management

7. Company's Obligations: LLC's responsibilities and commitments to support management functions

8. Compensation and Expenses: Management fees, reimbursement terms, and payment schedules

9. Reporting Requirements: Required reports, frequency, and content of management reporting

10. Confidentiality: Protection of confidential information and trade secrets

11. Intellectual Property: Ownership and rights regarding IP created during management

12. Non-Competition and Non-Solicitation: Restrictions on competitive activities and employee solicitation

13. Termination: Grounds and procedures for terminating the agreement

14. Consequences of Termination: Rights, obligations, and procedures following termination

15. Dispute Resolution: Procedures for resolving disputes between parties

16. General Provisions: Standard legal clauses including notices, amendments, and governing law

Optional Sections

1. Performance Metrics: Specific KPIs and performance evaluation criteria - include when management compensation is performance-based

2. International Operations: Provisions for managing international business - include when LLC operates across borders

3. Compliance Program: Detailed compliance requirements - include for regulated industries

4. Environmental, Social and Governance (ESG): ESG responsibilities and reporting - include when LLC has ESG commitments

5. Force Majeure: Provisions for unforeseen circumstances - include when operating in volatile environments

6. Management Team Changes: Procedures for changing key management personnel - include for larger management teams

7. Insurance Requirements: Specific insurance obligations - include for high-risk industries

Suggested Schedules

1. Schedule 1: Management Services: Detailed breakdown of all management services to be provided

2. Schedule 2: Fee Structure: Detailed fee calculations, incentives, and payment terms

3. Schedule 3: Key Performance Indicators: Specific metrics for measuring management performance

4. Schedule 4: Reporting Templates: Standard formats for required management reports

5. Schedule 5: Key Personnel: List of key management team members and their roles

6. Schedule 6: Company Assets: List of company assets under management control

7. Appendix A: Power of Attorney: Specific management powers granted by the LLC

8. Appendix B: Compliance Checklist: Required compliance procedures and checkpoints

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Laws
Board
Business Day
Business Plan
Company
Companies Act
Commencement Date
Confidential Information
Control
Directors
Effective Date
Financial Year
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Key Performance Indicators
Management Fee
Management Services
Management Team
Manager
Material Adverse Effect
MOI
Notice
Parties
Performance Metrics
Professional Standards
Quarter
Related Parties
Representatives
Reporting Period
Services
Shareholders
Strategic Plan
Subsidiary
Term
Territory
Termination Date
Trade Secrets
ZAR
Clauses
Appointment
Term and Duration
Management Services
Authority and Powers
Duties and Responsibilities
Performance Standards
Compensation
Expenses
Reporting
Record Keeping
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Compliance
Representations and Warranties
Indemnification
Insurance
Termination
Force Majeure
Assignment
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Corporate Governance
Data Protection
Business Planning
Performance Metrics
Audit Rights
Key Personnel
Conflict of Interest
Risk Management
Regulatory Compliance
Shareholder Relations
Board Reporting
Financial Management
Succession Planning
Relevant Industries

Financial Services

Manufacturing

Real Estate

Technology

Retail

Professional Services

Healthcare

Mining

Agriculture

Hospitality

Construction

Energy

Telecommunications

Transportation

Education

Relevant Teams

Legal

Executive Management

Board of Directors

Corporate Governance

Compliance

Finance

Operations

Risk Management

Corporate Affairs

Company Secretariat

Relevant Roles

Chief Executive Officer

Managing Director

Executive Director

Non-Executive Director

Company Secretary

Chief Financial Officer

Chief Operating Officer

General Manager

Operations Manager

Legal Counsel

Compliance Officer

Risk Manager

Board Member

Shareholder Representative

Management Consultant

Industries
Companies Act 71 of 2008: Primary legislation governing the formation, operation, and dissolution of companies in South Africa, including LLCs (known as Private Companies). Sets out directors' duties, shareholder rights, and corporate governance requirements.
Income Tax Act 58 of 1962: Regulates taxation matters for businesses, including management fees, profit distributions, and tax obligations for company structures.
Labour Relations Act 66 of 1995: Governs the relationship between management and employees, relevant for defining management roles and responsibilities.
Basic Conditions of Employment Act 75 of 1997: Sets out basic conditions of employment that may affect management agreements, particularly regarding executive positions.
King IV Report on Corporate Governance: While not legislation, these are crucial corporate governance guidelines that should be considered in management structures and agreements.
Consumer Protection Act 68 of 2008: Relevant if the LLC provides services to consumers, affecting how management must ensure consumer protection compliance.
Protection of Personal Information Act 4 of 2013 (POPIA): Regulates how management must handle personal information in the course of business operations.
Financial Advisory and Intermediary Services Act 37 of 2002: Applicable if the LLC provides financial services, affecting management responsibilities and compliance requirements.
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

LLC Management Agreement

A South African law-governed agreement establishing management services terms for a Private Company (Pty) Ltd.

find out more

Sole Member Operating Agreement

A South African law-governed agreement establishing the operational framework and governance structure for a single-member private company.

find out more

2 Member LLC Operating Agreement

A South African legal agreement establishing the operating framework and governance structure for a two-member Limited Liability Company.

find out more

LLC Capital Contribution Agreement

A South African law-governed agreement documenting capital contributions to an LLC, including terms, conditions, and resulting membership interests.

find out more

Member Managed LLC Agreement

A comprehensive agreement establishing a member-managed private company in South Africa, outlining governance, operations, and compliance requirements under South African law.

find out more

LLC Business Partnership Agreement

A South African law-governed agreement establishing and regulating a Limited Liability Company partnership, outlining key terms and operational framework.

find out more

Multi Member Operating Agreement

A South African law-governed agreement establishing operational framework and member relationships for multi-member companies.

find out more

Management Company Operating Agreement

A South African law-governed agreement establishing the operational and governance framework for a management company, aligned with local corporate regulations and requirements.

find out more

Basic Operating Agreement

A foundational agreement under South African law that establishes the operational framework and governance structure for a business entity.

find out more

Restaurant Operating Agreement

A South African law-governed agreement establishing terms and conditions for restaurant operations, including licensing, compliance, and operational standards.

find out more

Operating Service Agreement

A South African law-governed agreement establishing terms for operational service provision between a service provider and client, including service specifications, standards, and compliance requirements.

find out more

Operating Agreement For Trucking Company

A South African legal agreement governing the establishment and operation of a trucking company, including management structure and operational protocols.

find out more

Operating Agreement For Corporation

A South African law-governed agreement establishing the operational and governance framework for a corporation under the Companies Act 2008.

find out more

Non Profit Operating Agreement

A governing document that establishes the operational and management framework for a South African non-profit organization, ensuring compliance with local regulations.

find out more

Limited Liability Agreement

A South African law-governed agreement that defines and limits parties' liability exposure and risk allocation in business relationships.

find out more

Limited Company Agreement

A South African law-governed agreement establishing the framework for a limited company's operation, governance, and shareholder relationships.

find out more

Joint Operating Agreement

A South African law-governed agreement establishing the framework for joint operations between multiple parties, detailing operational control, decision-making, and risk allocation.

find out more

Independent Contractor Operating Agreement

A South African law-governed agreement establishing terms and conditions between a company and an independent contractor for the provision of services.

find out more

Holding Company Operating Agreement

A South African law-governed agreement establishing the operational framework between a holding company and its subsidiaries, defining group governance and management structures.

find out more

Business Partnership Operating Agreement

A South African law-governed agreement establishing the operational and governance framework for a business partnership, including partner rights, responsibilities, and business management procedures.

find out more

Amended Operating Agreement LLC

A South African law-governed document that amends an existing private company operating agreement, updating governance structures and member rights.

find out more

Investment LLC Operating Agreement

A South African law-governed operating agreement that establishes and regulates an investment-focused LLC, defining member rights, investment policies, and governance structures.

find out more

Member Managed Operating Agreement

A South African legal agreement establishing the framework for a member-managed business entity, defining member rights, responsibilities, and operational procedures.

find out more

Operating Agreement For Member Managed Limited Liability Company

A comprehensive governing document for member-managed private companies in South Africa, establishing operational and management frameworks under South African law.

find out more

Business Operating Agreement

A South African law-governed agreement establishing the operational framework and governance structure for a business entity, defining member rights and responsibilities.

find out more

Membership Interest Agreement

A South African law-governed agreement that regulates the transfer or allocation of membership interests in a business entity, detailing terms, conditions, and parties' rights and obligations.

find out more

Operating Agreement For Single Member LLC

A governing document for a single-member private company in South Africa that establishes operational rules and management structure under South African law.

find out more

Sole Proprietorship Operating Agreement

A South African legal document establishing the operational framework and governance structure for a sole proprietorship business.

find out more

Real Estate LLC Operating Agreement

A South African law-governed operating agreement establishing the structure and management framework for a real estate-focused private company, defining member rights and operational procedures.

find out more

Manager Managed LLC Operating Agreement

A comprehensive governance document for manager-managed private companies in South Africa, establishing management structure and operational framework under local company law.

find out more

Operations Transfer Agreement

A South African law-governed agreement facilitating the transfer of business operations between entities, ensuring regulatory compliance and operational continuity.

find out more

LLC Shareholder Agreement

A South African law-governed agreement establishing rights and obligations between LLC shareholders, including management and ownership provisions.

find out more

Joint Venture Operating Agreement

A South African law-governed agreement establishing and regulating a joint venture's structure, management, and operations between multiple parties.

find out more

Operating Management Agreement

A South African law-governed agreement establishing terms for professional management of business operations or property by an operator on behalf of an owner.

find out more

Partnership Operating Agreement

A South African law-governed agreement establishing partnership terms, responsibilities, and operational framework between business partners.

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.

Read our Privacy Policy.