This sample Operating Agreement describes the rules by which the Members agree to govern the company. Modify to suit your needs.
San Antonio Texas Sample Operating Agreement for Professional Limited Liability Company PLLC
State:
Texas
City:
San Antonio
Control #:
TX-PLLC-1
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Texas Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
Your Texas LLC Operating Agreement doesn't need to be notarized. Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legally binding document for all of you.
With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals. A PLLC cannot be used to shield the members from claims for malpractice.
Texas does not require LLCs to have operating agreements, but it is highly recommended. An operating agreement will help protect your limited liability status, prevent financial and managerial misunderstandings, and ensure that you decide on the rules governing your business instead of state law by default.
It is not a requirement of Texas, but the owners (members) are highly recommended to create one. An operating agreement is the only document that mentions the member's ownership interest in the company.
In addition to articles of organization, Missouri statute requires all limited liability companies to have an operating agreement.
Your operating agreement is the governing document of your Texas LLC. While not technically required by law, it should be considered a necessary document for your business. An operating agreement lays out the ownership of your company and basic management structure. Who Your Members Are & Their Ownership Percentages.
In Texas, an LLC operating agreement should include the following key elements: Formation details of the LLC. The name and Texas address of a registered agent, who is designated to receive legal documents on behalf of the business. The term of the LLC. The purpose of the business. The business location.
Most states do not require LLCs to have this document, so many LLCs choose not to draft one. While it may not be a requirement to have an operating agreement, it's actually in the best interest of an LLC to draft one. And by drafting it, I'm referring to creating a written operating agreement.
The Texas Limited Liability Company Law uses the term company agreement to refer to the document that other states call an operating agreement. The terms company agreement and operating agreement are synonyms.
A Texas PLLC is a limited liability company (LLC) formed specifically by people who will provide Texas licensed professional services. LLCs in general are businesses registered with the state that consist of one or more people?called LLC members?who own the business.