# Operating Agreement
**This Operating Agreement ("Agreement") is made and entered into as of [Date], by and among the following parties (individually referred to as "Member" and collectively as "Members"):**
1. **[Member Name 1]**
- Address: [Member Address 1]
2. **[Member Name 2]**
- Address: [Member Address 2]
3. **[Member Name 3]**
- Address: [Member Address 3]
**Article I: Formation**
1.1 **Formation**
The Members hereby form a Limited Liability Company ("LLC") pursuant to the provisions of the state law of [State].
1.2 **Name**
The name of the LLC shall be "[LLC Name]."
1.3 **Principal Office**
The principal office of the LLC shall be located at [Address of Principal Office].
**Article II: Purpose**
2.1 **Business Purpose**
The purpose of the LLC is to engage in any lawful activity for which limited liability companies may be organized under the laws of the state of [State].
**Article III: Duration**
3.1 **Duration**
The duration of the LLC shall be perpetual unless dissolved in accordance with this Agreement or by operation of law.
**Article IV: Membership Interests**
4.1 **Members**
The Members and their respective Membership Interests are as follows:
- [Member Name 1]: [Percentage]%
- [Member Name 2]: [Percentage]%
- [Member Name 3]: [Percentage]%
4.2 **Admission of New Members**
New Members may be admitted to the LLC only with the unanimous consent of the existing Members.
**Article V: Management**
5.1 **Management**
The LLC shall be managed by its Members. Each Member shall have authority to bind the LLC in matters arising in the ordinary course of business.
5.2 **Voting**
Decisions shall be made based on the percentage of Membership Interest held by the Members, unless otherwise specified in this Agreement.
**Article VI: Capital Contributions**
6.1 **Initial Contributions**
Each Member shall make an initial capital contribution as follows:
- [Member Name 1]: $[Amount]
- [Member Name 2]: $[Amount]
- [Member Name 3]: $[Amount]
6.2 **Additional Contributions**
Additional contributions may be made by Members as agreed upon by a majority of the Members.
**Article VII: Distributions**
7.1 **Distributions**
Distributions of cash or other assets shall be made to the Members in proportion to their respective Membership Interests at such times as determined by the Members.
**Article VIII: Books and Records**
8.1 **Records**
The LLC shall maintain complete and accurate books and records of the LLC's business and affairs.
8.2 **Inspection Rights**
Each Member shall have the right to inspect and copy the books and records of the LLC at any reasonable time.
**Article IX: Dissolution**
9.1 **Dissolution Events**
The LLC may be dissolved upon the occurrence of any of the following events:
- Unanimous consent of the Members.
- Entry of a decree of judicial dissolution.
9.2 **Winding Up**
Upon dissolution, the Members shall wind up the affairs of the LLC, liquidate its assets, and distribute any remaining assets to the Members in proportion to their respective Membership Interests.
**Article X: Miscellaneous**
10.1 **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the state of [State].
10.2 **Amendments**
This Agreement may be amended only by a written agreement signed by all Members.
10.3 **Severability**
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
**IN WITNESS WHEREOF**, the Members have executed this Operating Agreement as of the date first above written.
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**[Member Name 1]**
Signature: ________________________
Date: ____________________________
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**[Member Name 2]**
Signature: ________________________
Date: ____________________________
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**[Member Name 3]**
Signature: ________________________
Date: ____________________________
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**[Add additional Member signatures as needed.]**
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This template may be subject to local laws and should be reviewed by a legal professional familiar with your specific situation.