This sample Operating Agreement describes the rules by which the Members agree to govern the company. Modify to suit your needs.
The Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company (LLC) is a legally binding document that outlines the rules, provisions, and guidelines for the operation of a professional limited liability company in Harris County, Texas. This agreement governs the rights and responsibilities of the members and managers of the LLC and ensures that the entity functions in compliance with the applicable laws and regulations. Keywords: Harris County, Texas, Sample Operating Agreement, Professional Limited Liability Company, LLC, operating rules, provisions, guidelines, members, managers, compliance, laws, regulations. Different types of Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company LLC may include: 1. Single-member LLC Operating Agreement: This type of agreement is designed for PLL Cs with a single member, who is both the owner and manager of the company. It outlines the member's rights, duties, and the procedures for decision-making. 2. Multi-member LLC Operating Agreement: This agreement is suitable for PLL Cs with multiple members, who collectively manage the company. It defines the rights and obligations of each member, the allocation of profits and losses, and the procedures for decision-making. 3. Capital Contribution LLC Operating Agreement: This agreement focuses on the capital contribution made by each member of the LLC. It specifies the amount and nature of the capital contributed, as well as the corresponding ownership percentages and distribution of profits and losses. 4. Management Agreement LLC Operating Agreement: This type of agreement is useful when the management responsibilities are delegated to a separate entity or individuals who are not members of the LLC. It delineates the roles, duties, and compensation of the managers, while also addressing the decision-making process. 5. Dissolution LLC Operating Agreement: This agreement provides provisions for the dissolution and winding up of the LLC, including the distribution of remaining assets, settlement of obligations, and the termination of the company's operations. It is essential to consult with legal professionals or use reputable online legal service providers to ensure that the specific Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company LLC accurately reflects the needs and requirements of the business.The Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company (LLC) is a legally binding document that outlines the rules, provisions, and guidelines for the operation of a professional limited liability company in Harris County, Texas. This agreement governs the rights and responsibilities of the members and managers of the LLC and ensures that the entity functions in compliance with the applicable laws and regulations. Keywords: Harris County, Texas, Sample Operating Agreement, Professional Limited Liability Company, LLC, operating rules, provisions, guidelines, members, managers, compliance, laws, regulations. Different types of Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company LLC may include: 1. Single-member LLC Operating Agreement: This type of agreement is designed for PLL Cs with a single member, who is both the owner and manager of the company. It outlines the member's rights, duties, and the procedures for decision-making. 2. Multi-member LLC Operating Agreement: This agreement is suitable for PLL Cs with multiple members, who collectively manage the company. It defines the rights and obligations of each member, the allocation of profits and losses, and the procedures for decision-making. 3. Capital Contribution LLC Operating Agreement: This agreement focuses on the capital contribution made by each member of the LLC. It specifies the amount and nature of the capital contributed, as well as the corresponding ownership percentages and distribution of profits and losses. 4. Management Agreement LLC Operating Agreement: This type of agreement is useful when the management responsibilities are delegated to a separate entity or individuals who are not members of the LLC. It delineates the roles, duties, and compensation of the managers, while also addressing the decision-making process. 5. Dissolution LLC Operating Agreement: This agreement provides provisions for the dissolution and winding up of the LLC, including the distribution of remaining assets, settlement of obligations, and the termination of the company's operations. It is essential to consult with legal professionals or use reputable online legal service providers to ensure that the specific Harris County, Texas Sample Operating Agreement for Professional Limited Liability Company LLC accurately reflects the needs and requirements of the business.
