This Operating Agreement is used in the formation of any Limited Liability Company. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Liability Company Llc
State:
Michigan
Control #:
MI-00LLC-1
Format:
Word;
Rich Text
Instant download
Description Limited Liability Company
Free preview Limited Liability Company Llc
How to fill out Llc Operating Agreement Printable?
1. Name of the LLC: The operating agreement should begin with the full legal name of the Michigan Limited Liability Company (LLC) for which the agreement is being created.
2. Formation Date: Specify the date that the LLC was officially formed in the state of Michigan.
3. Purpose of the LLC: Outline the primary business activities and goals of the LLC.
4. Member Information: Provide the names and addresses of all members who have ownership in the LLC.
5. Management Structure: Specify whether the LLC will be member-managed or manager-managed.
6. Voting Rights: Detail the voting rights and procedures for major decisions within the LLC.
7. Profits and Losses Allocation: Describe how profits and losses will be allocated among members.
8. Capital Contributions: Specify the initial contributions made by each member to start the LLC.
9. Dissolution and Termination: Outline the process for dissolving the LLC, including distribution of assets and liabilities.
10. Amendments: Explain how amendments to the operating agreement can be made in the future.
It is possible to fill out the Michigan LLC Operating Agreement online using US Legal Forms. Users can find up-to-date, lawyer-approved, state-specific form templates on the website and complete or download them in Word, PDF, and RTF formats. To access a form, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis.
2. Formation Date: Specify the date that the LLC was officially formed in the state of Michigan.
3. Purpose of the LLC: Outline the primary business activities and goals of the LLC.
4. Member Information: Provide the names and addresses of all members who have ownership in the LLC.
5. Management Structure: Specify whether the LLC will be member-managed or manager-managed.
6. Voting Rights: Detail the voting rights and procedures for major decisions within the LLC.
7. Profits and Losses Allocation: Describe how profits and losses will be allocated among members.
8. Capital Contributions: Specify the initial contributions made by each member to start the LLC.
9. Dissolution and Termination: Outline the process for dissolving the LLC, including distribution of assets and liabilities.
10. Amendments: Explain how amendments to the operating agreement can be made in the future.
It is possible to fill out the Michigan LLC Operating Agreement online using US Legal Forms. Users can find up-to-date, lawyer-approved, state-specific form templates on the website and complete or download them in Word, PDF, and RTF formats. To access a form, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis.