Sample LLC Operating Agreement

OPERATING AGREEMENT
OF
______________________________________
A GEORGIA LIMITED LIABILITY COMPANY
THIS OPERATING AGREEMENT ("Agreement") is entered into the _____ day of
__________, 20___, by and between the following persons:
1. ___________________________________
2. ___________________________________
3. ___________________________________
4. ___________________________________
hereinafter, ("Members" or “Parties”).
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
acknowledged, the Parties covenant, contract and agree as follows:
ARTICLE I
FORMATION OF LIMITED LIABILITY COMPANY
1. Formation of LLC. The Parties have formed a Georgia limited liability company
named ___________________________________________________ ("LLC"). The operation
of the LLC shall be governed by the terms of this Agreement and the applicable laws of the State
of Georgia relating to the formation, operation and taxation of a LLC, including the Georgia
Limited Liability Company Act (Georgia Code, Section 14-11-100
et seq.) hereinafter referred to
as the "Act". To the extent permitted by the Act, the terms and provisions of this Agreement
shall control if there is a conflict between such Act and this Agreement. The Parties intend that
the LLC shall be taxed as a partnership. Any provisions of this Agreement, if any, that may
cause the LLC not to be taxed as a partnership shall be inoperative.
2. Articles or Organization
. The Members acting through one of its Members,
_____________________________________, filed Articles of Organization, ("Articles") for
record in the office of the with the Georgia Secretary of State on _________________________,
thereby creating the LLC.
3. Business
. The business of the LLC shall be to engage in any and all lawful
business purposes.
4. Registered Office and Registered Agent
. The registered office and place of
business of the LLC shall be ___________________________________________________
______________________________________ and the registered agent at such office shall be
__________________________________________________________________. The
Members may change the registered office and/or registered agent from time to time.
Page 2/16
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