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Operating Agreement for Member-Managed Limited Liability Company (LLC) - California

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An Operating Agreement for a Member-Managed LLC in California agreement sets forth the financial and managerial rights and duties of the Members of a Limited Liability Company, and governs the Limited Liability Company's business operations as agreed upon by its members. This is a sample Member-Managed LLC document that can be used to set forth such rights and duties and other rules that serve to run the company under a Member-Managed LLC. In order for the LLC to be valid, it must have an operating agreement and must file the Articles of Organization with the Secretary of State. This sample operating agreement is ideal for businesses that want to operate a member managed LLC in California.

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