LLC Operating Agreement (Single-Member)
OPERATING AGREEMENT OF
OPERATING AGREEMENT
OF
[LLC NAME], LLC
This Operating Agreement ("Agreement") is made and entered into as of [Date], by and between [Member Name], an individual ("Member"), and [LLC Name], LLC, a Limited Liability Company organized and existing under the laws of [State] ("Company").
RECITALS:
WHEREAS, the Company has been or is being formed for the purpose of acquiring, owning, managing, leasing, selling, and otherwise dealing in real property and other business ventures; and
WHEREAS, the parties desire to set forth herein the terms and conditions governing the operation of the Company and the rights and obligations of Member.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
ARTICLE I: FORMATION AND ORGANIZATION
1.1 Legal Structure. This Agreement memorializes the formation of [LLC Name], LLC ("Company"), as a Limited Liability Company organized under and governed by the Limited Liability Company Act of [State]. The Company shall be formed or shall have been formed by filing a Certificate of Formation (or Articles of Organization) with the Secretary of State of [State].
1.2 Principal Office. The principal office of the Company shall be located at [Principal Office Address], [City], [State] [Zip], or at such other location as Member may designate from time to time.
1.3 Registered Agent. The registered agent for service of process in [State] shall be [Registered Agent Name], located at [Registered Agent Address].
1.4 Business Purpose. The Company is formed for the purpose of: (a) acquiring, owning, leasing, managing, and selling real property; (b) engaging in real estate development and investment; (c) borrowing money and pledging property; and (d) engaging in any other lawful business activity.
ARTICLE II: MEMBERSHIP
2.1 Sole Member. Member hereby acquires a 100% membership interest in the Company ("Membership Interest"). Member is the sole member of the Company.
2.2 Capitalization. The Company shall have no initial capital contribution requirement, unless Member elects to contribute capital to the Company. Any capital contributions shall be made in cash or in-kind at Member's sole discretion.
2.3 No Additional Members. During Member's tenure, no additional members may be admitted to the Company without Member's written consent. This Agreement is intended for a single-member LLC and shall not be modified to permit additional members without Member's express written approval and execution of an amended agreement.
ARTICLE III: MANAGEMENT
[Section 2 — continued...]
[Section 3 — fill in your details...]
[Additional clauses and provisions apply...]
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