Operating Agreement template for Limited Liability Companies (LLC) and Limited Partnerships (LP)
$49.99
Digital, downloadable 18-page Microsoft Word document.
This comprehensive Operating Agreement is for Limited Liability Companies and Limited Partnerships. A complete, attorney-level agreement with advanced tax provisions, buy-sell protection, and real-world scenarios built-in to protect your business from disputes, tax issues, and costly mistakes.
This agreement gives you:
- Clear ownership structure
- Built-in dispute protection
- Advanced tax allocation language
- Strong buy-sell provisions
- Real-world scenarios already covered
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Description
Description
WHAT’S INCLUDED
✔ Fully structured Operating Agreement (LLC + LP compatible)
✔ Capital contributions + ownership tracking (Exhibit A)
✔ Advanced tax allocation provisions (Exhibit B)
✔ Signature + notarization section (Exhibit C)
✔ Built-in protection clauses most templates miss
ADVANCED FEATURES (WHAT MAKES THIS DIFFERENT)
Most templates stop at the basics. This one goes much further:
- Buy-sell protection (death, divorce, disputes)
- Shotgun + forced buyout clauses
- Capital call enforcement + dilution protection
- Preferred returns + distribution waterfalls
- Vesting schedules + clawback provisions
- Charging order & asset protection language
- GP / LP structuring (for investment entities)
- Advisory board + governance options
👉 This is the level of structure typically seen in high-end legal agreements.
WHO THIS IS FOR
This Operating Agreement is ideal for:
- Business owners forming an LLC
- Real estate investors & partnerships
- Private investment groups
- Family-owned businesses
- Entrepreneurs who want to do it right the first time
WHY THIS MATTERS
Most business disputes happen because the agreement was weak, vague, or incomplete.
This document helps you:
- Prevent conflicts before they happen
- Protect your ownership and control
- Avoid expensive legal battles
- Create clear expectations from day one
Delivery Info
- Standard and Express delivery services are available for all items.
- Shipping costs are calculated at the checkout page (after delivery option & destination confirmation).
- Tracking is available for all delivery options.
- Items are delivered during standard business hours.
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