Multi-Member Operating Agreement.
Customize a multi-member LLC operating agreement covering ownership splits, voting, distributions, buy-sell, and transfer restrictions.
Customize your document
Fill in the fields. The preview on the right updates as you type. Download when ready.
This is a template, not legal advice. Templates work for many situations. Complex matters or jurisdiction-specific issues warrant attorney review.
Find an attorney →Right for these situations.
And want clear written rules.
Reflected in the agreement.
For death, divorce, exit.
Existing members get a say.
What to avoid.
Ambiguity poisons relationships.
Exits become litigation.
Specify timing and tax distributions.
Members owe tax on allocated income.
Common questions.
How do we decide ownership percentages?
What is a tax distribution?
What is right of first refusal?
How is buy-sell price determined?
Do all members need to sign?
Can it be amended?
You may also need:
Need attorney review?
Templates get you started. Our partner attorney network reviews and customizes for your jurisdiction and situation.
Templates are educational. Specific situations require professional legal advice.
On the $129/yr Compliance Annual Filings plan, we cover state late fees.
When you autofile your annual report through the $129/yr plan and we miss the deadline, we pay the state's late fee. The guarantee applies to that specific plan and the filings it includes. Other File.Business services are billed at the prices on this page.