Multi-Member Operating Agreement.
Customize a multi-member LLC operating agreement covering ownership splits, voting, distributions, buy-sell, and transfer restrictions.
Customize your document
Fill in the fields. The preview on the right updates as you type. Download when ready.
This is a template, not legal advice. Templates work for many situations. Complex matters or jurisdiction-specific issues warrant attorney review.
Find an attorney →Right for these situations.
And want clear written rules.
Reflected in the agreement.
For death, divorce, exit.
Existing members get a say.
What to avoid.
Ambiguity poisons relationships.
Exits become litigation.
Specify timing and tax distributions.
Members owe tax on allocated income.
Common questions.
How do we decide ownership percentages?
What is a tax distribution?
What is right of first refusal?
How is buy-sell price determined?
Do all members need to sign?
Can it be amended?
You may also need:
Need attorney review?
Templates get you started. Our partner attorney network reviews and customizes for your jurisdiction and situation.
Templates are educational. Specific situations require professional legal advice.