Fill and Sign the Series Llc Operating Agreement Template Harvard Business Form

Manager Managed Limited Liability Company Operating Agreement with Classes of Members Operating Agreement made this _____________________ (date), between _____________________ (Name of Limited Liability Company), a limited liability company, hereinafter referred to herein as the Company, pursuant to the _____________________ (name of state’s limited liability company act), _____________________ (Name of First Member), of _________________________________________ (street address, city, county, state, zip code), _____________________ (Name of Second Member), of _________________________________________ (street address, city, county, state, zip code), and _____________________ (Name of Third Member), of _________________________________________ (street address, city, county, state, zip code), hereinafter called the Members. Whereas, the parties have formed a limited liability company under the _____________________ (name of state’s limited liability company act), hereinafter referred to as the Act, and upon the terms and conditions of this Agreement; and Whereas, the Members wish to set forth their agreement as to how the business and affairs of the Company shall be managed and their rights and obligations with respect to the Company; NOW, THEREFORE, for and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the
(name of members), hereby agree to operate, manage, and control the limited liability company so formed, for the benefit of persons having, and for the benefit of whose business they are, and the sole purpose and intent thereof, by executing this agreement. The terms of this agreement shall govern and control all proceedings at law, now or hereafter instituted under, in any court with respect to, or in any way affecting, the limited liability company at the time this agreement is executed, and upon the terms and conditions contained in this agreement that no amendment to this agreement shall be effective unless in writing signed by all the members and agreed to by the manager; and also that no modification of any portion of this agreement which is to be effective upon execution of this agreement shall be effective unless signed by all the parties and agreed to by the manager, except that if any of the members dies and a successor in interest has not, at a time when this agreement is executed, executed and delivered to the secretary on behalf of the limited liability company a certificate by the Secretary of State certifying that such successor has accepted membership and that such successor shall have full power and authority to act with respect to the business and affairs of the limited liability company. It is further understood and agreed that it shall be the duty of the manager to provide sufficient funds to make interest payments and to pay the annual required dividends, if any, of the company at the rate (specify the time) that (specify the amount) is agreed upon. If for any reason the limited liability company shall not pay its required dividends or pay any portion thereof as herein provided, such failure shall not invalidate this agreement nor render its provisions inoperative. Each member has the sole and entire right to sign any and all documents in connection with this agreement. If any provision of the agreement is inconsistent with any statutory and common law rule, regulation, or provision, no other provision of this agreement shall affect or be construed to affect such statutory and common law rule, regulation, or provision. Past incorporation statement (click link) australia: the company was formed on 10 august 2006 and paid its first dividends on 25 June 2007. It was registered as a limited company on 2 November 2006. It declared the following on 25 june 2007: "our company has no assets, income or expenses. Our only assets are the value of the Australian dollar held in accounts and payable to hmbc"