Ohio Llc Operating Agreement Template – US

Disclaimer

The information provided herein serves as a general reference for corporate governance agreements in a particular state, focusing on limited liability companies and their governing documents. It is not legal advice and should not replace consultation with a qualified attorney familiar with local laws and regulations pertaining to business formation and operating procedures. Legal frameworks may differ by jurisdiction, requiring specific adjustments to ensure compliance. The use of this content is at the user’s own risk, and no liability is assumed for errors, omissions, or consequences resulting from its application without professional legal review.

Please note: This is a sample Ohio LLC Operating Agreement template, provided here for general guidance only. Specific provisions should be tailored to actual arrangements and legal requirements.

Ohio LLC Operating Agreement Sample

Introduction:

This Operating Agreement (“Agreement”) is entered into by and among the members of Ohio LLC, to establish the management structure, rights, and responsibilities of each member, in accordance with Ohio law.

Members:

Member 1: John Doe
Address: 123 Main Street, Columbus, Ohio 43215

Member 2: Jane Smith
Address: 456 Elm Street, Cleveland, Ohio 44114

Capital Contributions:

Members agree to contribute capital as follows: John Doe – $50,000; Jane Smith – $50,000, with ownership percentages based on contributions.

Management and Voting:

The LLC shall be managed by its members. Each member shall have voting rights proportionate to their ownership interests. Major decisions require the approval of members holding at least 51% of the voting interests.

Profits, Losses, and Distributions:

Profits and losses shall be allocated in proportion to each member’s ownership interest. Distributions shall be made at times and in amounts determined by the members.

Dissolution:

In the event of dissolution, assets shall be liquidated and distributed according to the members’ ownership interests after paying all debts and liabilities.

Amendments:

This Agreement may be amended only by a written document signed by all members.

Columbus, Ohio, ______________________