Arizona Operating Agreement Template
This Arizona Operating Agreement is designed for use by Limited Liability Companies (LLCs) formed in the state of Arizona. It is important to ensure this document complies with Arizona state laws, specifically the Arizona Revised Statutes Title 29, Chapter 6, which governs LLCs. Please complete all fields where indicated.
Date: ______________________
This Operating Agreement ("Agreement") is made and entered into as of the date above by and between the following members:
- Member 1 Name: __________________________ Address: __________________________
- Member 2 Name: __________________________ Address: __________________________
- Additional Members: ______________________ Address: __________________________
Article I: Formation
The members have formed a Limited Liability Company pursuant to the Arizona Limited Liability Company Act. The name of the LLC is: ______________________.
Article II: Purpose
The purpose of this LLC is to engage in any lawful business activity permitted by Arizona law. Specifically, the business activities shall include, but are not limited to:
- __________________________________
- __________________________________
- __________________________________
Article III: Management
The LLC shall be managed by:
- All members.
- Designated Manager: ______________________.
Article IV: Capital Contributions
Each member shall make an initial capital contribution as follows:
- Member 1: $__________________
- Member 2: $__________________
- Additional Members: $__________________
Article V: Distributions
Distributions of profits and losses will be allocated as follows:
- Member 1: ______%
- Member 2: ______%
- Additional Members: ______%
Article VI: Indemnification
The LLC shall indemnify and hold harmless each member to the fullest extent permitted under Arizona law for any losses or damages incurred as a result of their role in the LLC.
Article VII: Amendments
No amendment to this Agreement shall be effective unless made in writing and signed by all members.
Article VIII: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona.
IN WITNESS WHEREOF, the members have executed this Operating Agreement on the date first written above.
__________________________ __________________________
Member 1 Signature Member 2 Signature
__________________________
Additional Member Signature