Harris Texas Acuerdo operativo de LLC para dos socios - LLC Operating Agreement for Two Partners

• Category: Sociedades de responsabilidad limitada - Acuerdos operativos - Alaska
• State: Multi-State
• County: Harris
• Control #: US-0767-WG-4
• Format: Word

Description

To validly complete the formation of the LLC, members must enter into an Operating Agreement. This operating agreement may be established either before or after the filing of the articles of organization and may be either oral or in writing in many states.

The Harris Texas LLC Operating Agreement for Two Partners is a legal document that outlines the rights, responsibilities, and obligations of two partners in a limited liability company (LLC) based in Harris County, Texas. It serves as a governing document that establishes the framework for the LLC's operations, decision-making process, profit distribution, and management structure. This agreement is specifically tailored for LCS that consist of only two partners, often referred to as member-managed LCS, where both partners actively participate in the day-to-day operations and decision-making of the company. It is crucial for partners to have a clear understanding of their roles and contributions to avoid conflicts and ensure a smooth business operation. The Harris Texas LLC Operating Agreement for Two Partners includes various essential provisions that cover key aspects of the LLC's operation. Some relevant keywords and sections often found in this agreement include: 1. Formation: This section outlines the basic information about the LLC, such as its name, address, and purpose of formation. 2. Contributions: It specifies the capital or other assets each partner contributes to the LLC and the ownership percentage assigned to each partner. 3. Management: This section defines how the LLC will be managed, whether by all partners or by a designated managing partner. It also outlines decision-making processes, voting rights, and the division of responsibilities among the partners. 4. Profits and Losses: This provision details how the profits and losses of the LLC will be allocated among the partners. It may include factors like capital contributions, labor, or other agreed-upon criteria. 5. Distributions: It outlines how and when the LLC's profits will be distributed to the partners. 6. Transferability: This section discusses whether a partner is permitted to transfer or sell their ownership interest and under what conditions. 7. Dissolution: It covers the circumstances under which the LLC may be dissolved and the steps to be taken in the event of dissolution. 8. Dispute Resolution: This provision outlines methods for resolving conflicts or disputes that may arise between the partners, such as mediation or arbitration. 9. Amendments: It outlines the process for making changes or amendments to the operating agreement. While the Harris Texas LLC Operating Agreement for Two Partners typically covers the broad aspects mentioned above, it is important to note that there may be variations or customized agreements depending on the specific needs, preferences, or industry of the LLC. It is advisable to consult with an attorney experienced in business law to ensure the agreement accurately reflects the intentions of the partners and complies with Texas state laws.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.