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Blank Operating Agreement Form for Texas State

The Texas Operating Agreement form is a crucial document that outlines the management structure and operational guidelines for a limited liability company (LLC) in Texas. This agreement serves as a foundational blueprint, detailing the rights and responsibilities of members, as well as the procedures for decision-making and profit distribution. Understanding and completing this form is essential for ensuring clarity and compliance within your business operations.

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Table of Contents

Document Overview

Fact Name	Description
Definition	The Texas Operating Agreement outlines the management structure and operating procedures of a limited liability company (LLC) in Texas.
Governing Law	This agreement is governed by the Texas Business Organizations Code.
Flexibility	LLCs in Texas have the flexibility to customize their Operating Agreement to suit their specific needs and preferences.
Member Rights	The agreement details the rights and responsibilities of each member, including profit distribution and decision-making processes.
Importance	Having a well-drafted Operating Agreement can help prevent disputes among members and provide clarity in operations.

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Discover More Operating Agreement Templates for Specific States

Llc in New York - This agreement can outline the process for dissolving the LLC if needed.

Creating an Operating Agreement - This document outlines how to handle member departures from the LLC.

How to Make an Operating Agreement - This document can outline the roles of each member within the organization.

How to Write an Operating Agreement - It serves as a legal framework for the organization’s operations.

Documents used along the form

When forming a Limited Liability Company (LLC) in Texas, the Operating Agreement is a crucial document. However, it often works in conjunction with other important forms and documents. Below are five key documents that are commonly used alongside the Texas Operating Agreement.

Certificate of Formation: This is the primary document filed with the Texas Secretary of State to officially create an LLC. It includes essential information such as the LLC's name, registered agent, and the purpose of the business.
Bylaws: While not required for LLCs, bylaws can outline the internal rules and procedures for managing the company. They cover aspects such as voting rights, meeting protocols, and the responsibilities of members and managers.
Membership Certificates: These certificates serve as proof of ownership in the LLC. They detail the member's name, the percentage of ownership, and any rights associated with that ownership.
Operating Procedures: This document outlines the day-to-day operations of the LLC. It can include procedures for financial management, decision-making processes, and conflict resolution among members.
Tax Forms: Depending on the structure of the LLC and its members, various tax forms may be necessary. This includes forms for federal and state taxes, which ensure compliance with tax obligations.

Understanding these documents can help ensure that your LLC operates smoothly and remains compliant with Texas laws. Each document plays a vital role in establishing clear guidelines and protecting the interests of all members involved.

Document Sample

Texas Operating Agreement Template

This Operating Agreement is made and effective as of the ______________ (date), by and between the undersigned members, who agree to form a limited liability company (LLC) in accordance with the provisions of Texas state law.

Article I: Formation

The name of the organization shall be ____________________ (the "Company"). The principal office of the Company shall be located at ____________________ (address).

Article II: Purpose

The purpose of this limited liability company is to engage in any lawful business activity allowed by Texas law.

Article III: Members

The Members of the Company are as follows:

Name: ____________________
Address: ____________________
Membership Interest: ____________________%

Additional Members may be added to the Company only upon the unanimous written consent of the existing Members.

Article IV: Management

The Company shall be managed by its Members. All decisions regarding the business operations shall be made by a majority vote of the Members. Each Member shall have voting rights in proportion to their Membership Interest.

Article V: Contributions and Distributions

Each Member shall make an initial contribution to the Company as follows:

Name: ____________________ - Contribution: $____________
Name: ____________________ - Contribution: $____________

Profits and losses of the Company shall be allocated to the Members in proportion to their Membership Interests.

Article VI: Books and Records

The Company shall maintain complete and accurate books and records of its business. These records shall be kept at the principal office of the Company and shall be available for inspection by any Member during normal business hours.

Article VII: Amendment

This Operating Agreement may be amended only by a written agreement 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 Texas.

Article IX: Indemnification

The Company shall indemnify and hold harmless each Member against any claims, liabilities, or expenses incurred in connection with the Company’s business to the fullest extent permitted by Texas law.

Signatures

The undersigned Members hereby agree to the terms and conditions set forth in this Operating Agreement:

Name: ____________________ Signature: ____________________ Date: ____________
Name: ____________________ Signature: ____________________ Date: ____________

This Operating Agreement was prepared in accordance with the Texas Limited Liability Company Act. By signing below, the Members agree to the rules and responsibilities laid out in this document.