Texas Operating Agreement Template

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Texas Operating Agreement Template

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Texas Operating Agreement Template (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID Number]
[Company Address]
Introduction:
This Operating Agreement establishes the operational and financial interactions among the members of [Company Name], effective as of [Effective Date].
Article 1: Formation
The Members hereby form a Texas Limited Liability Company under the name of [Company Name], according to the Texas Business Organizations Code.
Article 2: Purpose
The purpose of the Company is to engage in any lawful act or activity for which a limited liability company may be formed in Texas.
Article 3: Membership Interests
The Membership Interests of the Members shall be represented by units of ownership in the Company, distributed in accordance with: [Specify distribution].
Article 4: Management
The Company shall be managed by [specify whether it’s Member-managed or Manager-managed], and the powers of the Managers/Member shall include the authority to [Specify powers and responsibilities].
Article 5: Capital Contributions
Members shall contribute capital as follows: [Detail specific contributions by each Member].
Article 6: Distributions
Distributions of profits will occur [Specify timing and method of distributions].
Article 7: Records
The Company shall maintain records at its principal office showing the Members’ ownership and financial status.
Article 8: Indemnification
The Company shall indemnify its Members to the fullest extent permitted by law, protecting them against any claims or liabilities arising in connection with the Company.
Article 9: Amendments
Any amendments to this agreement must be made in writing and signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Manager or other Member]
[Name of the Manager or other Member]
Texas Operating Agreement Template (2)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID Number]
[Company Address]
Introduction:
This Operating Agreement regulates the management and operation of [Company Name] established on [Effective Date].
Article 1: Name and Principal Office
The name of the Company is [Company Name], and the principal office of the Company shall be located at [Company Address].
Article 2: Duration
The duration of the Company shall be perpetual unless dissolved according to the provisions of this Agreement.
Article 3: Rights and Duties of Members
Each Member shall have the right to participate in the management of the Company and shall devote as much time as necessary to perform their duties.
Article 4: Meetings
Meetings of Members shall be held [Specify frequency and location], with notice provided to all Members at least [number] days in advance.
Article 5: Transfer of Membership Interests
No Member may transfer their Membership Interest without the written consent of the other Members.
Article 6: Accounting and Financial Matters
The Company shall maintain its books and records in accordance with generally accepted accounting principles.
Article 7: Dissolution
The Company may be dissolved upon the consent of [Specify percentage] of the Members or by operation of law.
Article 8: Miscellaneous Provisions
This Agreement constitutes the entire understanding between the Members and supersedes all prior agreements.
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the Manager or other Member]
[Name of the Manager or other Member]

Form

Please complete the form below to create the Texas 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 Operating Agreement Template

1. Company Information


2. Member Information


3. Management Structure

4. Purpose of the Company

5. Profit and Loss Distribution

6. Distributions

7. Indemnification

8. Amendment Procedure

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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Texas Operating Agreement Template

Printable | Editable Form




Texas Operating Agreement Template