Our multi-member LLC operating agreement template is expertly crafted by legal professionals to ensure that your business is fully compliant with state regulations and protected from legal liability, giving you peace of mind and security as you grow your enterprise.
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An Alaska multi-member LLC operating agreement is a legal tool for businesses with multiple members. It can be completed with or without legal advice, but consulting an attorney for clarification is recommended if there are uncertainties.
Begin by filling in the desired name of your limited liability company (LLC). This name should be unique, not in use by another company, and include "LLC" or "LLC" at the end. For example, "Alaska Adventure Tours, LLC."
Input the date on which the operating agreement becomes effective, typically the date all members sign it. For example, "April 27, 2023." List each member's full legal name. These individuals own the LLC and will have a stake in the company. For instance, "John Mark," "Eliza Smith," and "Jim Brown."
Step 1: Write the date the LLC is formed and the company's name. The date is typically the same as the effective date of the agreement. This marks the start of the company's legal existence.
Step 2: Re-enter your LLC's name, as previously mentioned. This establishes the official name under which your business will operate.
Step 3: Provide the full address of the company's principal business office, located within Alaska. This is where your LLC's primary operations will take place. For example, "123 Main St, Anchorage, AK 99501."
Step 4: Designate a registered agent responsible for receiving legal documents on behalf of the company. This person must have a physical address in Alaska. For instance, "John Mark."
Step 5: Specify the full address of the registered agent's office in Alaska. It can be the same as the principal business office or a different location. For example, "123 Main St, Anchorage, AK 99501."
In this section, each member should provide their full legal name in print or type. This clarifies who the members are and ensures that each person is properly identified in the operating agreement. For example, "John Mark," "Eliza Smith," and "Jim Brown." Each member must sign next to their printed/typed name.
This shows their consent to the terms and conditions of the operating agreement and confirms their willingness to be bound by its provisions. Signatures also make the document legally enforceable, which is crucial for protecting the interests of all parties involved. For instance, John Mark will sign next to his name, followed by Eliza Smith and Jim Brown.
Step 1: Start by filling in the name of your limited liability company (LLC), as previously mentioned in the operating agreement. This name should be consistent throughout the document. For example, "Alaska Adventure Tours, LLC."
Step 2: Input the date when the list of members is generated. This date is typically the same as the effective date of the operating agreement. For instance, if the contract were signed on April 27, 2023, you would write "27th day of April 2023."
Step 3: List each member's full legal name under the "NAME" column. This provides clear identification of the individuals who are members of the LLC. For example, "John Mark," "Eliza Smith," and "Jim Brown."
Provide the full residential address of each member next to their respective names. This information is necessary for maintaining accurate records and for communication purposes. For instance, "123 Elm St, Anchorage, AK 99501."
Step 4: Write the date when the members authorize the creation of this member listing. This is generally the same date as when the operating agreement is signed. For example, "27th day of April 2023."
Step 5: Each member should provide their full legal name in print or type under the "Printed/Typed Name" section. This ensures proper identification and consistency throughout the document.
For instance, "John Mark," "Eliza Smith," and "Jim Brown." Every member must sign next to their printed/typed name to confirm the accuracy of the member listing and to authorize its creation. These signatures also demonstrate that each member consents to be part of the LLC. For example, John Mark will sign next to his name, followed by Eliza Smith and Jim Brown.
Step 1: Fill in your LLC's name as it appears in the operating agreement. Consistency is key throughout the document. For example, "Alaska Adventure Tours, LLC."
Step 2: Under the "NAME" column, list each member's full legal name. This is important for accurately identifying the individuals contributing capital to the LLC.
For instance, "John Mark," "Eliza Smith," and "Jim Brown." In the "CONTRIBUTION" column, specify the dollar amount each member contributes as their initial capital investment.
This information is crucial for determining each member's financial stake in the company.
For example, if John Mark contributes $40, Eliza Smith contributes $30, and Jim Brown contributes $30, you would write "$40," "$30," and "$30," respectively. Based on each member's contribution, calculate their percentage of ownership in the LLC.
This percentage represents their share of profits, losses, and decision-making power. For example, if the total capital contribution is $100, John Mark's ownership percentage would be 40% ($40/$100), Eliza Smith's would be 30% ($30/$100), and Jim Brown's would be 30% ($30/$100).
Step 3: Write the date the members sign and agree to the capital contributions schedule. This date is typically the same as the effective date of the operating agreement.
For example, "27th day of April 2023."
Step 4: Each member should provide their full legal name in print or type under the "Printed/Typed Name" section. This ensures proper identification and consistency throughout the document. For instance, "John Mark," "Eliza Smith," and "Jim Brown."
Members must sign next to their printed/typed name to confirm their capital contribution and percentage ownership in the LLC. This action signifies that each member agrees to the terms outlined in the schedule and is willing to be bound by them. For example, John Mark will sign next to his name, followed by Eliza Smith and Jim Brown.
Step 1: Fill in the name of your limited liability company (LLC) as it appears in the operating agreement, ensuring consistency throughout the document. For example, "Alaska Adventure Tours, LLC."
Step 2: Under the "NAME" column, list each member's full legal name. This is important for accurately identifying the individuals whose interest in the LLC is being valued. For instance, "John Mark," "Eliza Smith," and "Jim Brown."
In this column, provide the dollar value of each member's interest in the company, as determined by the valuation method outlined in ARTICLE 8 of the operating agreement.
This valuation might be based on the members' initial capital contributions or other factors such as their time, expertise, or resource contributions. For example, if John Mark’s interest is valued at $50,000, Eliza Smith's at $40,000, and Jim Brown's at $30,000, you would write "$50,000," "$40,000," and "$30,000," respectively.
Step 3: Write the date the members sign and agree to the valuation of their interests. This date is typically the same as the effective date of the operating agreement. For example, "27th day of April 2023."
Step 4: Each member should provide their full legal name in print or type under the "Printed/Typed Name" section. This ensures proper identification and consistency throughout the document.
For instance, "John Mark," "Eliza Smith," and "Jim Brown." Every member must sign next to their printed/typed name to confirm their agreement to the endorsed valuation of their interest in the LLC. This action signifies that each member agrees to the valuations and is willing to be bound by them. For example, John Mark will sign next to his name, followed by Eliza Smith and Jim Brown.
The notary public will fill in this section when they notarize the document. As the person seeking the notary's services, you don't need to fill in these fields. Instead, the notary public will complete the required fields, including the state, county, their name, the name of the person appearing before them, and their signature and seal, to authenticate the document.
