Small Business Operating Agreement Template – US

Disclaimer

The information provided is intended solely as a general example for establishing internal operating procedures for a small business. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in business law or contracts. Regulations and legal requirements may vary by jurisdiction, and adjustments may be necessary to ensure compliance with local laws. The use of this example is the user’s sole responsibility, and we assume no liability for any errors, omissions, or consequences resulting from its utilization without professional review.

Please note: This is a sample Small Business Operating Agreement for the United States, provided for illustrative purposes only. Actual terms should be tailored to specific business needs and legal requirements.

Sample Small Business Operating Agreement (U.S.)

Parties Involved:

Business: XYZ Tech Solutions LLC
Address: 123 Startup Drive, New York, NY 10001

Member(s): John Doe and Jane Smith
Address(es): 456 Elm Street, New York, NY 10002

Purpose of the Agreement:

This Operating Agreement outlines the management structure, voting rights, profit sharing, and operational provisions for XYZ Tech Solutions LLC.

Management and Voting:

The LLC shall be managed by its Members. Decisions shall require a majority vote unless otherwise specified herein.

Capital Contributions:

Members shall contribute capital as agreed, detailed in Schedule A. Additional contributions may be made with unanimous consent.

Profit and Loss Sharing:

Profits and losses shall be allocated among Members proportional to their capital contributions.

Dissolution:

The LLC may be dissolved upon written agreement of Members holding at least 75% of the voting interest, or as otherwise provided herein.

Additional Provisions:

• Members shall keep accurate records and provide annual financial statements.
• This Agreement may be amended only by written consent of all Members.
• Any dispute shall be resolved through binding arbitration in New York County.

New York, ______________________