You can open the Texas Series LLC Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Texas Series LLC Operating Agreement Template Printable | Editable FormSample
[Name of the Series LLC]
[Principal Office Address]
[Member Names and Addresses]
This Operating Agreement is made and entered into as of [Date], by and among the Members of the Series LLC, organized under the laws of the State of Texas.
The purpose of the Series LLC is to conduct any lawful business activity permitted under Texas law.
This Series LLC may have multiple series, each with its distinct assets, liabilities, and operations. Each series is treated as a separate entity.
Members shall manage the LLC. Decisions will be made by a majority vote of the Members. Each Member has the authority to bind the LLC as outlined in this Agreement.
Members agree to contribute capital as follows: [Specify contributions by each Member].
Distributions will be made to Members in accordance with their respective ownership percentages unless otherwise determined by the Members.
The LLC shall indemnify Members and Managers to the fullest extent permitted by law against any losses or liabilities arising in connection with the LLC.
The LLC may be dissolved upon the consent of all Members or as otherwise provided by Texas law. Upon dissolution, assets will be distributed according to Member ownership percentages.
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
[Name of the Series LLC]
[Principal Office Address]
[Member Names and Addresses]
This Operating Agreement is designed to govern the management and operations of the Series LLC, as established under the Texas Limited Liability Company Act.
The Series LLC is formed pursuant to the Texas Business Organizations Code and shall operate as a series LLC with multiple series as defined in this Agreement.
Each series shall maintain its own records and accounting, and shall be treated as a separate entity for liability and financial purposes.
Management may be vested in one or more Managers appointed by a majority of the Members. Decisions affecting individual series require a vote of the Members of that series.
Initial and subsequent contributions of capital shall be made by Members as agreed upon and documented in the LLC records.
Profits and losses will be allocated to Members based on their respective ownership percentages in the series they own.
Members’ liability is limited to their capital contributions, and no Member shall be personally liable for any debts of the Series LLC or any series thereof.
This Agreement may be amended or modified with a written consent of all Members. Any amendment must be documented and attached to this Agreement.
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
Form
Please complete the form below to create the Texas Series LLC Operating Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Texas Series LLC Operating Agreement Template 1. Company Information 2. Series Information 3. Member Information 4. Management Structure 5. Capital Contributions 6. Distributions 7. Indemnification 8. Amendment Procedures 9. Governing Law 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
Texas Series LLC Operating Agreement Template Printable | Editable FormPrintable
