This LLC Membership Agreement ("Agreement") is made and entered into as of , by and among the undersigned Members (collectively referred to as "Members") of LLC, a limited liability company organized under the laws of the State of (the "Company").
The Members hereby form a limited liability company (LLC) pursuant to the laws of the State of .
The name of the Company shall be:
The principal place of business shall be:
The purpose of the Company is:
The Company shall begin as of the date of filing the Articles of Organization and shall continue until dissolved according to this Agreement.
| Name | Address | Initial Capital Contribution | Membership Interest (%) |
|---|---|---|---|
The Company shall be managed by: (select "the Members" or "a Manager").
Each Member shall have voting rights in proportion to their Membership Interest, unless otherwise provided in this Agreement.
Profits and losses shall be allocated, and distributions shall be made, to the Members in proportion to their Membership Interests.
New Members may only be admitted upon the consent of % of the Membership Interests.
No Member may transfer any part of their Membership Interest without the prior written consent of the other Members holding not less than % of the Membership Interests.
The parties have executed this Agreement as of the date first written above.
| Member Name | Signature | Date |
|---|---|---|