Limited Liability Company (LLC) Agreement
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1. Introduction
This Limited Liability Company (LLC) Agreement ("Agreement") is entered into on April 4, 2050, by and between the following members:
[Member 1 Name]
[Member 2 Name]
[Member 3 Name]
Collectively referred to as the "Members."
2. Formation of LLC
The Members hereby agree to form a Limited Liability Company under the laws of the State of [State], which shall be known as [Your Company Name] ("Company").
3. Purpose
The purpose of the Company shall be to develop and market innovative technology solutions.
4. Capital Contributions
Each Member agrees to contribute to the Company the following capital contributions:
[Member 1 Name]: $50,000
[Member 2 Name]: $60,000
[Member 3 Name]: $40,000
5. Allocation of Profits and Losses
Profits and losses of the Company shall be allocated among the Members in proportion to their respective ownership interests.
6. Management
The management and operation of the Company shall be conducted by Member Managed. The Members hereby designate [Your Name] as the Manager of the Company.
7. Decision-Making
Decisions relating to the ordinary course of business of the Company shall be made by the Manager by majority vote.
8. Transfer of Membership Interests
No Member shall transfer or assign their membership interest in the Company without the prior written consent of the other Members.
9. Dissolution
The Company may be dissolved upon the affirmative vote of 75% of the Members.
10. Governing Law
This Agreement shall be governed by and construed by the laws of the State of [State]
11. Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be deemed severable, and the remaining provisions of this Agreement shall remain in full force and effect.
12. Entire Agreement
This Agreement constitutes the entire understanding and agreement between the Members concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between the parties.
IN WITNESS WHEREOF, the undersigned Members have executed this Agreement as of the date first above written.
_____________________________________________________________________________________
[Your Name]
[Date Signed]
[Members Name]
[Date Signed]
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