Florida Operating Agreement Template
This Operating Agreement (the "Agreement") is made and entered into as of the ____ day of __________, 20__, by and among the following parties:
- Member 1: ___________________________________
- Member 2: ___________________________________
- Member 3: ___________________________________
- Other Members: ______________________________
This Agreement is established in accordance with the Florida Limited Liability Company Act, Chapter 605 of the Florida Statutes.
Article I: Formation
1. Formation. The Members hereby form a Limited Liability Company (the "Company") under the laws of the state of Florida.
2. Name of the Company. The name of the Company shall be ____________________________________.
3. Principal Office. The principal office of the Company shall be located at ____________________________________.
Article II: Purpose
The purpose of the Company is to ____________________________________. Further business activities may be pursued as permitted under Florida law.
Article III: Members
1. Initial Members. The initial Members of the Company are as listed above.
2. Additional Members. New Members may be admitted to the Company upon the unanimous consent of existing Members.
Article IV: Management
The Company shall be managed by its Members. Each Member shall have equal rights in the management and conduct of the Company’s business.
Article V: Capital Contributions
- Initial Contributions. Each Member shall make an initial capital contribution as follows:
- Member 1: $_____________
- Member 2: $_____________
- Member 3: $_____________
- Additional Contributions. No additional contributions shall be required unless agreed to by all Members.
Article VI: Distributions
Profits and losses shall be allocated to the Members in proportion to their respective ownership interests.
Article VII: Indemnification
The Company shall indemnify each Member to the fullest extent permitted by Florida law.
Article VIII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Article IX: Miscellaneous
This Agreement constitutes the entire agreement among the Members. It supersedes all prior agreements and understandings.
IN WITNESS WHEREOF, the Members have executed this Operating Agreement as of the date first above written.
Member Signatures:
- ___________________________________ (Member 1)
- ___________________________________ (Member 2)
- ___________________________________ (Member 3)