Secure your business's future with our comprehensive LLC Operating Agreement, expertly crafted to protect your assets, streamline decision-making, and maximize growth potential.
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This document details the ownership and management structure of a Ohio-based company or LLC, including guidelines for daily operations and officer duties. Each member should retain an original copy of this agreement since it is not filed with any government office. To complete the blank fields in the agreement, follow these steps:
Begin by filling in the name of the LLC, which serves as the company's legal identity and is essential for registration and business activities.
Fill in the date the agreement is being entered into, which serves as the effective date for legal and tax purposes.
In this section, select either "Single-Member LLC" or "Multi-Member LLC" based on the company's ownership structure. For a Single-Member LLC, fill in the sole owner's name and mailing address. For a Multi-Member LLC, provide each member's name, ownership percentage, and mailing address (Member #1, #2, #3, and #4). This information is crucial for determining each member's rights, duties, and profit shares.
Re-enter the LLC's name and specify the principal place of business, which is crucial for taxation, licensing, and regulatory compliance.
Fill in the date the Articles of Organization were submitted to the Secretary of State, which marks the official formation of the LLC for legal and regulatory purposes.
For a Single-Member LLC, no additional information is needed. For a Multi-Member LLC, provide each member's name and capital contribution (Member #1, #2, #3, and #4), which is essential for determining each member's financial commitment and share in the company.
Fill in the full name of the LLC and specify the date the operating agreement becomes effective, establishing the starting point for its terms and conditions.
Each LLC member should sign their name, indicate the date of signing, and clearly print their names. This confirms their acceptance of the agreement's terms and conditions and ensures they can be accurately identified and held accountable for their obligations.
By thoroughly completing the agreement, all parties can clarify their rights and responsibilities, preventing misunderstandings and disputes while fostering effective decision-making and conflict resolution.