Disclaimer
The information provided herein is for general informational purposes only and relates to the formal agreement governing the operation of a limited liability company within the United States, specifically in Texas. It does not constitute legal advice and should not replace consultation with a qualified attorney experienced in state-specific business law. Laws and regulations may vary by jurisdiction, and appropriate adjustments may be necessary to ensure compliance. Use of this guidance is at your own risk, and we disclaim any liability for errors, omissions, or consequences resulting from reliance on this information without professional legal consultation.
Please note: This is a sample Operating Agreement for an LLC in Texas, created for illustrative purposes only. Actual terms should be tailored to specific circumstances and in accordance with applicable Texas laws.
Sample Operating Agreement for Texas LLC
LLC Name and Formation:
This Operating Agreement pertains to [Your LLC Name], a Texas Limited Liability Company formed on [Formation Date], under the laws of the State of Texas.
Members:
Member 1: [Name], Address: [Address]
Member 2: [Name], Address: [Address]
Purpose:
The purpose of this LLC is to engage in any lawful business activity permitted by the State of Texas and as specified herein.
Management Structure:
This LLC shall be managed [by Members / by Managers], with authority and responsibilities outlined herein.
Capital Contributions:
Members agree to contribute the capital as specified in Schedule A attached hereto, and such contributions shall define ownership percentages.
Distributions:
Distributions of profits and losses shall be made in proportion to each member’s ownership interest, as determined herein or in Schedule A.
Dissolution:
The LLC may be dissolved upon the occurrence of events specified herein, following procedures established by Texas law.
Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. Disputes shall be resolved in Texas courts.
Additional Provisions:
- Any amendments to this Agreement must be in writing and signed by all Members.
- Members shall maintain accurate books and records of the LLC’s activities.
- This Agreement supersedes any prior understanding among Members related to the LLC.
[Location], ______________________
[Member 1 Name]
[Member 2 Name]