Llc Operating Agreement Guide

Summary

An llc operating agreement for 5 members in washington should include member contributions, profit and loss distribution, management structure, voting rights, meeting procedures, membership changes, and dissolution steps. Consider consulting a business attorney for detailed guidance.

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I need an LLC operating agreement with * members
Hi ****! Here are some key elements you might want to include in an LLC operating agreement for * members in Washington:
- Member Contributions: Details of each member's initial contributions (cash, property, services).
- Profit and Loss Distribution: How profits and losses will be divided among members.
- Management Structure: Whether the LLC will be member-managed or manager-managed.
- Voting Rights: How voting will be conducted and the weight of each member's vote.
- Meetings: Frequency and procedures for member meetings.
- Membership Changes: Procedures for adding or removing members.
- Dissolution: Steps for dissolving the LLC.
Would you like more detailed assistance or guidance on any specific part?