Missouri Operating Agreement Template
This Operating Agreement is made and entered into as of the ___ day of __________, 20__, by and among the following members:
- Name: ______________________
- Address: ______________________
- Name: ______________________
- Address: ______________________
This agreement is established under the laws of the State of Missouri, specifically in accordance with the Missouri Limited Liability Company Act, Chapter 347 of the Revised Statutes of Missouri.
Article I: Formation
1. The Members hereby form a Limited Liability Company (the "Company") under the laws of the State of Missouri.
Article II: Purpose
The purpose of the Company is to engage in any lawful business permitted under Missouri state law.
Article III: Duration
The duration of the Company shall be perpetual unless it is dissolved in accordance with this Agreement or applicable law.
Article IV: Management
- The Company shall be managed by its Members.
- Decisions shall be made by a majority vote of the Members.
Article V: Capital Contributions
Initial capital contributions of each Member shall be as follows:
- Name: ______________________, Contribution: $____________
- Name: ______________________, Contribution: $____________
Article VI: Profits and Losses
Profits and losses shall be allocated to the Members in proportion to their respective ownership interests in the Company.
Article VII: Distributions
Distributions shall be made to the Members at the times and in the amounts determined by a majority vote of the Members.
Article VIII: Indemnification
The Company shall indemnify and hold harmless each Member from any losses, liabilities, and expenses arising out of the activities of the Company to the fullest extent permitted by law.
Article IX: Amendments
This Operating Agreement may be amended only by a written agreement signed by all Members.
Article X: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Missouri.
IN WITNESS WHEREOF, the Members have executed this Operating Agreement as of the date first above written.
Member Signatures:
- ____________________ (Signature)
- ____________________ (Print Name)
- ____________________ (Date)
- ____________________ (Signature)
- ____________________ (Print Name)
- ____________________ (Date)