LLC Manager-Managed Operating Agreement

$350.00Price
  • This is a template for an operating agreement for a manager-managed limited liability company (“LLC”). An operating agreement establishes the rights and responsibilities of the LLC and its members (i.e. owners).  If you have an LLC, you should have an operating agreement.

     

    This template is intended to be a basic operating agreement for small businesses with more than one owner that is overseen by a manager (or team of managers) that the owners appoint. Rather than having all owners involved in the management and oversight of the business, this agreement contemplates that such day-to-day management will be delegated to the managers. 

     

    This document also helps to establish the business as an entity separate from yourself  for liability purposes. It also makes sure you and the other owners are on the same page (if more than one owner), and outlines decision making and other important business processes. 

     

    If your business falls under the definition of a restricted professional LLC in Pennsylvania, you should speak with an attorney about any additional edits that may be required. 

JOIN OUR NEWSLETTER!

Get our monthly newsletter, which includes our latest blog posts, upcoming webinars, and other helpful legal info.

©2020 Trellis Legal, LLC. DISCLAIMER: The content of this website is intended to convey general information about Trellis Legal, LLC. Content on this website should not be relied upon as legal advice. The content is also not intended to create an attorney-client relationship or constitute an offer of services. Emails sent to any member of Trellis through this website will not create an attorney-client relationship and will not be considered confidential. All uses of this site except for personal purposes are prohibited.