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1. Parties: Identifies all initial members of the LLC and any managers if applicable
2. Background: Sets forth the purpose of forming the LLC and basic information about the company's formation
3. Definitions: Defines key terms used throughout the agreement
4. Formation and Name: Details about LLC formation, name, registered office, and registered agent
5. Purpose and Powers: Describes the LLC's business purpose and general powers
6. Members and Membership Interests: Lists initial members, their capital contributions, and ownership percentages
7. Management Structure: Establishes whether the LLC is member-managed or manager-managed and outlines management responsibilities
8. Meetings and Voting: Procedures for member meetings and voting requirements
9. Capital Contributions: Details initial and additional capital contribution requirements and procedures
10. Allocations and Distributions: Methods for allocating profits, losses, and making distributions
11. Transfer Restrictions: Rules regarding transfer of membership interests
12. Withdrawal and DisĂÜĚŇÖ±˛Ą: Procedures for member withdrawal and company disĂÜĚŇÖ±˛Ą
13. Books and Records: Requirements for maintaining company records and member access rights
14. Tax Matters: Tax classification choice and tax-related procedures
15. General Provisions: Includes amendment procedures, governing law, and other standard provisions
1. Drag-Along Rights: Include when majority members want the right to force minority members to join in the sale of the company
2. Tag-Along Rights: Include when minority members want the right to join in sales by majority members
3. Special Purpose Provisions: Include for specific industry requirements or special business purposes
4. Buy-Sell Provisions: Include detailed procedures for buying out members in specific circumstances
5. Non-Compete and Confidentiality: Include when members need to be bound by non-compete and confidentiality obligations
6. Special Voting Rights: Include when certain members have special voting rights or veto powers
7. Investment Representations: Include when membership interests might be considered securities
8. Put and Call Rights: Include when members want options to buy or sell interests at predetermined terms
1. Schedule A - Members and Capital Contributions: Detailed list of members, their initial capital contributions, and membership interests
2. Schedule B - Members' Contact Information: Contact details and addresses of all members
3. Schedule C - Tax Matters: Detailed tax allocations and special tax elections
4. Schedule D - Management Structure: Detailed organizational chart and management responsibilities if manager-managed
5. Appendix 1 - Form of Membership Certificate: Template for membership certificates if used
6. Appendix 2 - Transfer Notice Form: Standard form for notifying the LLC of intended membership transfers
7. Appendix 3 - Valuation Methods: Agreed methods for valuing membership interests
8. Appendix 4 - Buy-Sell Procedures: Detailed procedures and forms for implementing buy-sell provisions
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