Free Arkansas LLC Operating Agreements | PDF & Word

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How To Fill LLC Operating Agreement

This is an agreement that outlines the ownership and management of a company formed in Arkansas, including guidelines for daily operations and officer responsibilities. It is important to note that each member should keep an original copy, as it is not filed with a government office. To help you fill out the blank fields in this agreement, here is a step-by-step guide:

Step 1

Fill in the full legal name of the Limited Liability Company (LLC). This is crucial as it identifies the company and is used for legal documents, contracts, and filings.

Step 2

In this blank write the date the agreement is being signed. This establishes the official commencement of the LLC and ensures all parties are informed about the effective date.

Step 3

In this section indicate whether the company is a single-member or multi-member LLC, and then fill in the form accordingly. If the company is a single-member LLC, fill in the information regarding the sole owner including their name and mailing address. However, if the company is a multi-member LLC, then fill in the form with the names of each member, their ownership percentage and mailing addresses. Filling in these empty fields in this section is very important as this step establishes the ownership and management structure of the LLC. As such, it also impacts the decision-making process and the financial distributions of the company.

Step 4

Here, you are required to fill in the name of the company and its business address. However, if the company wants to change the primary business location, then all the members must revise the LLC operating agreement. It is important to fill in this section as it identifies the company and its primary business location.

Step 5

Here, fill in the formation date of the company which is also the date when the member(s) filed the Articles of Organization with the office of the Secretary of State of Arkansas. Filling in this information is important as it establishes the company's legal status and formation date.

Step 6

In this section, fill in the information regarding the capital contributions of each member of the company. If the company is a single-member LLC, members are not obligated to make additional contributions after they have made capital contributions. It is crucial to fill this section as it outlines the financial contributions of the Member(s) and their rights and obligations in relation to the company's capital.

Step 7

(Applies ONLY if Multi-Member): Fill in the name of the LLC in the blank space and the effective date of the operating agreement. It is important to fill in this information as it identifies the LLC and the effective date of the operating agreement.

Step 8

Finally, fill in their signatures and the date of signing in the spaces provided under "Member's Signature" and "Date." Moreover, print their names in the spaces provided under "Print Name." It is important to fill in this information accurately and legibly as it serves as proof of their agreement to the terms of the operating agreement.