The Missouri Operating Agreement form is a crucial document that outlines the management structure and operational procedures of a limited liability company (LLC) in Missouri. This agreement serves as a roadmap for members, detailing their rights and responsibilities while ensuring compliance with state laws. To get started on establishing your LLC, fill out the form by clicking the button below.
The Missouri Operating Agreement form is a crucial document for any Limited Liability Company (LLC) operating in the state. This form outlines the internal workings of the LLC, detailing the rights and responsibilities of its members. It serves as a roadmap for management structure, profit distribution, and decision-making processes. By clearly defining each member's role, the agreement helps prevent misunderstandings and disputes down the line. Additionally, it addresses important topics such as the process for adding new members, the procedure for handling member departures, and the steps for dissolving the LLC if necessary. Having a well-drafted Operating Agreement can provide legal protection and enhance the credibility of the business, making it an essential tool for any LLC owner in Missouri.
Missouri Operating Agreement
This Missouri Operating Agreement (the "Agreement") is entered into as of ______ [insert date], by and among the member(s) listed in Exhibit A attached hereto (each, a "Member" and collectively, the "Members"), for the purpose of setting forth the terms and conditions of the operation and management of ______ [insert name of the LLC] (the "Company"), a Missouri limited liability company, pursuant to the Missouri Limited Liability Company Act (the "Act").
Article 1 - The Company
1.1 Formation. The Company was formed as a Missouri limited liability company by filing Articles of Organization with the Missouri Secretary of State in accordance with the Act, on ______ [insert date of formation].
1.2 Name. The name of the Company shall be ______ [insert name of LLC].
1.3 Principal Office. The principal office of the Company shall be located at ______ [insert principal business address], or such other place as the Members may from time to time designate.
Article 2 - Members
2.1 Listing of Members. The name and mailing address of each Member at the time of execution of this Agreement shall be listed in Exhibit A.
2.2 Admission of Additional Members. Additional members may be admitted to the Company only with the consent of all existing Members, as provided for in this Agreement.
Article 3 - Contributions and Distributions
3.1 Initial Contributions. Each Member has contributed cash, property, or services in the amounts as described in Exhibit B attached hereto.
3.2 Distributions. Distributions shall be made to the Members at the times and in the proportions decided by a majority in interest of the Members.
Article 4 - Management
4.1 Management of the Company. The Company shall be managed by its Members. Each Member shall have authority and control over the business affairs of the Company in proportion to their respective ownership interests, except as otherwise provided herein.
Article 5 - Bookkeeping
5.1 Books and Records. The Company shall maintain at its principal office, correct and complete books and records of account, minutes of the proceedings of the Members, and a list of the names and addresses of all Members.
Article 6 - Dissolution
6.1 Events of Dissolution. The Company may be dissolved upon the occurrence of any event as decided by a consent of the majority in interest of the Members or as otherwise required by law.
6.2 Winding Up. Upon dissolution of the Company, the assets of the Company shall be distributed as required by the Act and as agreed upon by the Members.
Article 7 - Miscellaneous
7.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Missouri.
7.2 Amendments. This Agreement may be amended or modified only by a written agreement signed by all Members.
Exhibit A - Members
Exhibit B - Initial Contributions
IN WITNESS WHEREOF, the Members have executed this Missouri Operating Agreement as of the date first above written.
______________________ [insert Member’s signature] ______________________ [insert date]
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