Blank Operating Agreement Form for Washington State Fill Out Your Document

Blank Operating Agreement Form for Washington State

The Washington Operating Agreement form is a legal document that outlines the management structure and operational procedures of a limited liability company (LLC) in Washington State. This agreement serves to clarify the rights and responsibilities of members, ensuring smooth business operations. For those interested in establishing an LLC, completing this form is a crucial step in formalizing the business arrangement.

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Table of Contents

Document Overview

Fact Name Details
Purpose The Washington Operating Agreement outlines the management structure and operational procedures of a limited liability company (LLC).
Governing Law This agreement is governed by the Washington Limited Liability Company Act, RCW 25.15.
Membership The agreement specifies the rights and responsibilities of members, including ownership percentages and voting rights.
Management Structure It can define whether the LLC is member-managed or manager-managed, impacting decision-making processes.
Amendments The agreement includes provisions for how amendments can be made, ensuring flexibility as the business evolves.
Dispute Resolution It may outline methods for resolving disputes among members, such as mediation or arbitration.
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Discover More Operating Agreement Templates for Specific States

How to Write an Operating Agreement - Members can use the document to outline their commitment to the LLC.

Sample Florida Llc Operating Agreement - The Operating Agreement can stipulate how work is divided among members.

Texas Llc Operating Agreement - An Operating Agreement may specify what constitutes a breach of agreement.

Documents used along the form

The Washington Operating Agreement is a vital document for limited liability companies (LLCs) as it outlines the management structure and operating procedures. In addition to this agreement, there are several other forms and documents that are commonly used in conjunction with it. Below is a list of these documents, each serving a specific purpose in the operation and management of an LLC.

  • Articles of Organization: This document is filed with the state to officially create the LLC. It includes essential information such as the company name, address, and the names of the members or managers.
  • Member Consent Forms: These forms are used to document decisions made by the members of the LLC, especially when formal meetings are not held. They provide a written record of member agreements.
  • Bylaws: While not mandatory for LLCs, bylaws can outline the internal rules and procedures for the management of the company. They help clarify roles and responsibilities among members.
  • Operating Procedures: This document details the day-to-day operations of the LLC, including how decisions are made and how profits and losses are distributed among members.
  • Membership Certificates: These certificates serve as proof of ownership for members in the LLC. They can be issued to document the percentage of ownership held by each member.
  • Tax Forms: LLCs may need to file specific tax forms depending on their structure and the number of members. These forms ensure compliance with federal and state tax regulations.
  • Annual Reports: Many states require LLCs to file annual reports to maintain good standing. This document updates the state on the company’s activities and any changes in membership or management.
  • Business Licenses and Permits: Depending on the nature of the business, various licenses and permits may be required to operate legally. These documents vary by industry and location.

Understanding these additional forms and documents can help ensure that an LLC operates smoothly and remains compliant with state laws. Proper documentation is essential for protecting the interests of all members involved.

Document Sample

Washington Operating Agreement Template

This Operating Agreement (“Agreement”) is made and entered into as of this ____ day of ______________, 20___, by and among the following members (“Members”):

  • _________________________________
  • _________________________________
  • _________________________________

This Agreement is governed by the provisions of the Washington Limited Liability Company Act (RCW 25.15) and sets forth the rights and obligations of the Members in the operation of the limited liability company.

Article I: Formation

1.1 Name: The name of the limited liability company is ____________________________________.

1.2 Principal Office: The principal office of the company shall be located at:

____________________________________________________________.

1.3 Formation: The Members hereby form a limited liability company under the laws of the State of Washington.

Article II: Purpose

The purpose of this company is to operate as a limited liability company and engage in any lawful business activity as permitted by the State of Washington.

Article III: Members

3.1 Initial Members: The Members of the company are:

  • _________________________________ (Address: _____________________)
  • _________________________________ (Address: _____________________)
  • _________________________________ (Address: _____________________)

3.2 Admission of New Members: New Members may be admitted to the company upon the unanimous consent of the existing Members.

Article IV: Capital Contributions

4.1 Initial Contributions: Each Member shall contribute the following to the capital of the company:

  • _________________________________ - $____________________
  • _________________________________ - $____________________
  • _________________________________ - $____________________

4.2 Additional Contributions: No Member shall be required to make additional contributions unless agreed upon in writing by all Members.

Article V: Distributions

5.1 Distributions of Profits: Profits and losses of the company shall be allocated to the Members in proportion to their respective interests, as set forth in this Agreement.

5.2 Timing of Distributions: Distributions may be made to Members at the discretion of the Members, subject to the cash flow requirements of the company.

Article VI: Management

6.1 Management Structure: The management of the company shall be vested in the Members. All decisions shall require a majority vote of the Members.

6.2 Powers of the Members: Members shall have the power to manage the affairs of the company and make binding decisions on behalf of the company.

Article VII: Miscellaneous

7.1 Amendments: This Agreement may be amended only by a written agreement signed by all Members.

7.2 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Washington.

In witness whereof, the Members have executed this Agreement as of the date first above written.

Member Signatures:

  • _________________________________ Date: ________________
  • _________________________________ Date: ________________
  • _________________________________ Date: ________________