 This form is intended to serve as a guide for the preparation of the Operating Agreement. It is designed for a single member company, but it provides for additional members and can easily be adapted to accommodate a multi-member company. It is possible to use the document “as is”, but care needs to be taken to ensure that the language is appropriate for the operational requirements of the company to be formed. This packet includes: (1) Checklist for Operating Agreement (2) Instructions for Operating Agreement (3) Operating Agreement State Law Compliance: Designed for use in all states Among others, this packet includes the following provisions: • Formation • Management of Company • Rights and Duties of Company Members • Contributions to Capital and Capital Accounts • Allocations and Distributions • Transferability of Member Interests • Dissolution, Termination and Winding up of the Company$25.95
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