How do I get an LLC agreement?

How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLC's members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.

US Legal Forms
Artist Management Agreement

Management Agreement For Llc In Philadelphia

Category:

Contracts - Entertainment

State:

Multi-State

County:

Philadelphia

Control #:

US-0021BG

Format:

Instant download

Description

The Management Agreement for LLC in Philadelphia governs the professional relationship between an artist and their manager. This form outlines the responsibilities of the manager, managing the career of the artist by negotiating contracts, supervising employment, and promoting the artist’s talents across various media. Critical components include the appointment of the manager as the artist's sole representative, the scope of services provided, and the division of gross monthly earnings as compensation for the manager’s services. Users must fill in specific details, such as names, addresses, and percentage compensation for the manager. The agreement contains clauses relating to termination, fiduciary duties, and confidentiality, emphasizing legal ties and ethical standards. This form is especially useful for attorneys, partners, and owners in the entertainment sector, offering structured guidelines for managing creative careers. Legal assistants and paralegals can utilize this form to facilitate contract negotiations, while associates can support artists and managers in complying with its terms.

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FAQ

Member-managed LLCs suit smaller or family-run businesses, allowing members to actively participate in management decisions. Manager-managed LLCs are ideal for larger businesses where not all members wish to be involved in daily operations, or where professional management is desired.

Pennsylvania does not require you to submit an Operating Agreement to form your LLC. However, it is important for every LLC to have an Operating Agreement, establishing the rules and structure of the business. The Operating Agreement is a private agreement and is not filed with the state.

While member-management is the default rule ing to state law — meaning that if managers are not selected in the Articles of Organization, the members will direct the affairs of the LLC — the LLC can state in its Articles or LLC operating agreement that the LLC is to be managed by a manager(s).

Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legal document. Can I write my own Operating Agreement? Yes, but we recommend using an Operating Agreement template. An Operating Agreement is a legal document.

The 5 states requiring an operating agreement are California, Delaware, Maine, Missouri, and New York.

And while most states do not require LLCs to have a written operating agreement, having the agreement in writing can reduce uncertainties and is generally recommended.

How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLC's members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.

New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date. Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

Prepare and file with Michigan Michigan does not require you to submit an Operating Agreement to form your LLC.