Operating Agreement (Multi-Member, Manager-Managed) (CA) | Practical Law

Operating Agreement (Multi-Member, Manager-Managed) (CA) | Practical Law

A long-form operating agreement (also known as a limited liability company agreement or LLC agreement) to be used for a California limited liability company (LLC) with multiple members. This Standard Document assumes an agreement among multiple members, one of which is the manager of the LLC. This Standard Document includes integrated notes with important explanations and drafting and negotiating tips.

Operating Agreement (Multi-Member, Manager-Managed) (CA)

Practical Law Standard Document w-001-0715 (Approx. 123 pages)

Operating Agreement (Multi-Member, Manager-Managed) (CA)

by Practical Law Corporate & Securities
MaintainedCalifornia
A long-form operating agreement (also known as a limited liability company agreement or LLC agreement) to be used for a California limited liability company (LLC) with multiple members. This Standard Document assumes an agreement among multiple members, one of which is the manager of the LLC. This Standard Document includes integrated notes with important explanations and drafting and negotiating tips.