You can open the Operating Agreement LLC Illinois Template in multiple formats, including PDF, Word, and Google Docs.
Operating Agreement LLC Illinois Template Printable | Editable FormSample
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
[Name of the Company]
[Company’s ID]
[Company’s Address]
This Operating Agreement outlines the management structure and operational procedures for [Company Name], an Illinois Limited Liability Company (LLC), established as of [Effective Date].
The Members hereby form an LLC under the name [Company Name] in accordance with the Illinois Limited Liability Company Act.
The purpose of the LLC is to [Describe business purpose or activities].
The initial Members of the LLC are as follows: [List Members with respective ownership percentages].
The LLC shall be managed by its Members. The Members shall have full authority to manage the LLC’s business.
The Members shall make initial capital contributions as follows: [Specify contributions].
Profits and losses of the LLC shall be allocated to the Members in proportion to their respective ownership interests.
Distributions shall be made to the Members as determined by the Members, in proportion to their ownership interests.
The LLC shall indemnify Members against any losses or expenses incurred in connection with the LLC’s business to the fullest extent permitted by law.
This Agreement may be amended only by a written agreement signed by all Members.
This Agreement shall be governed by the laws of the State of Illinois.
[Signature of the Member]
[Name of the Member]
[Signature of the Company]
[Name of the Authorized Signatory]
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
[Name of the Company]
[Company’s ID]
[Company’s Address]
This Operating Agreement sets forth the terms under which [Company Name] operates, established as of [Effective Date], in accordance with Illinois law.
The name of the LLC is [Company Name]. The principal office is located at [Company Address].
The LLC is organized for the purpose of [Detailed description of business activities].
The Members of the LLC included in this Agreement are as follows: [List all Members and respective contributions].
The LLC shall be managed by a designated Manager or by all Members, according to the decision made at the time of joining.
Each Member shall contribute the following amounts as their capital contribution: [Specify amounts].
The allocation of profits and losses shall be in accordance with Member contributions after all operational expenses have been deducted.
Distributions shall be determined by mutual agreement among Members based on financial performance.
Members are not personally liable for the debts and liabilities of the LLC beyond their capital contributions.
Changes to this Operating Agreement require written consent from all Members and must be documented accordingly.
This Agreement shall be interpreted in accordance with the laws of the State of Illinois.
[Signature of the Member]
[Name of the Member]
[Signature of the Company]
[Name of the Authorized Signatory]
Form
Please complete the form below to create the Operating Agreement LLC Illinois Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Operating Agreement LLC Illinois Template 1. LLC Information 2. Member Information 3. Purpose of LLC 4. Duration of LLC 5. Management Structure 6. Voting Rights and Decision Making 7. Distributions 8. Indemnification 9. Amendments 10. Governing Law 11. Signatures and Acceptance 12. Declaration and Signatures
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WORD
Operating Agreement LLC Illinois Template Printable | Editable FormPrintable
