Multi-Member LLC Operating Agreement Example

A multi-member LLC operating agreement is a written plan for how your LLC works when there are two or more owners. It shows who owns what. It shows who makes choices. It shows how money is shared. It also says what happens if someone leaves or if the business closes.

• Two or more people own the LLC.
• You want a clear plan everyone signs.
• You want fewer problems later.

1. Members and shares: Owners and each person's share.
2. Money in and money out: How profit and loss are split.
3. Votes and choices: How you decide big things.
4. Manager or members: Who runs daily work.
5. New members or someone leaves: What must happen and how.
6. Records and bank rules: Keep books. Keep money separate.
7. Ending the LLC: How to close the business the right way.
8. Law and changes: Which state law. How to update later.

1. Open the .docx file.
2. Type your LLC name, state, and date.
3. List each member and their share (like 60% and 40%).
4. Pick who runs the LLC (members or a manager).
5. Write how you vote on big things.
6. Write what happens if someone wants to leave or a new member joins.
7. Save as PDF. Have all members sign. Keep a copy for your records.

• Using a one-owner form for many owners.
• Not writing how voting works.
• No plan for someone leaving or joining.
• Mixing business money with personal money.