Florida Operating Agreement Template
This Operating Agreement ("Agreement") is made and entered into effective as of _____________, by and among the following parties (collectively referred to as the "Members"):
- Name of Member 1: ______________________
- Name of Member 2: ______________________
- Name of Member 3: ______________________
- Name of Member 4: ______________________
This Agreement governs the operation and management of _____________ LLC, a Florida limited liability company, formed pursuant to the Florida Limited Liability Company Act (Chapter 605 of the Florida Statutes).
Article I - Formation
The Members hereby form a limited liability company under the laws of Florida. The name of the company shall be _____________ LLC.
Article II - Purpose
The purpose of this LLC is to engage in any lawful business activity permitted under the Florida law.
Article III - Principal Office
The principal office of the LLC shall be located at:
______________________
Article IV - Duration
The duration of this LLC shall be perpetual unless terminated in accordance with this Agreement or by law.
Article V - Management
The LLC shall be managed by:
- Member-managed
- Manager-managed (Name of Manager: _____________________)
Article VI - Membership Interests
The ownership interests in the LLC shall be represented as follows:
- Name of Member 1: ______% interest
- Name of Member 2: ______% interest
- Name of Member 3: ______% interest
- Name of Member 4: ______% interest
Article VII - Profits and Losses
Profits and losses shall be allocated to the Members in proportion to their respective interests as set forth above.
Article VIII - Distributions
Distributions shall be made to the Members at the times and in the amounts determined by the Members in proportion to their respective interests.
Article IX - Indemnification
The LLC shall indemnify the Members to the fullest extent permitted by Florida law against any and all expenses and liabilities incurred in connection with the LLC.
Article X - Amendment
This Agreement may be amended only in writing, signed by all Members.
Article XI - Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.
IN WITNESS WHEREOF, the Members have executed this Operating Agreement as of the date first above written.
_________________________ (Signature of Member 1)
Date: ________________
_________________________ (Signature of Member 2)
Date: ________________
_________________________ (Signature of Member 3)
Date: ________________
_________________________ (Signature of Member 4)
Date: ________________