Legalzoom Llc Operating Agreement Template

By September 25, 2021 No Comments

You see that the LegalZoom corporate agreement for the member-run LLC contained two separate provisions in two separate articles that govern management decision-making by members. The article entitled “Management” provided that in the event of a dispute between members, “the final decision would be taken by a vote of the majority of the members”, i.e. one vote per capita, while the article entitled “Member” required a vote of the members who “hold the majority of the interests of the members” to approve each measure, i.e. a pro rata vote. An LLC enterprise agreement should contain details about ownership, operation, management, and financing. .