S Corp Operating Agreement Template UK

The S Corp Operating Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable samples for your convenience.


Sample

S Corp Operating Agreement Template UK

Editable – Printable



S Corp Operating Agreement Template UK

1. Company Information


2. Shareholder Information


3. Purpose of the Company

4. Duration of the Company

5. Capital Contributions

6. Profit and Loss Distribution

7. Management Structure

8. Meetings and Voting

9. Rights and Duties of Shareholders

10. Amendment of Agreement

11. Indemnification and Liability

12. Dissolution of the Company

13. Signatures and Agreement

14. Declaration and Signatures




PDF


WORD

Examples


S Corp Operating Agreement Template UK (1)
Between:
[Name of the S Corporation]
[Company Registration Number]
[Registered Address]
[Business Phone]
[Business Email]
And:
[Name of the Shareholder 1]
[Shareholder 1’s ID]
[Shareholder 1’s Address]
[Shareholder 1’s Phone]
[Shareholder 1’s Email]
And:
[Name of the Shareholder 2]
[Shareholder 2’s ID]
[Shareholder 2’s Address]
[Shareholder 2’s Phone]
[Shareholder 2’s Email]
Introduction:
This Operating Agreement outlines the management structure and operating procedures for the S Corporation effective as of [Effective Date].
Clause 1: Formation
The Company is formed in compliance with the Companies Act in [Jurisdiction, e.g., England and Wales].
Clause 2: Purpose
The purpose of the Company is to engage in any lawful business activity permitted under the laws of [Jurisdiction].
Clause 3: Management Structure
The Company shall be managed by its Shareholders, who will hold regular meetings at least [Frequency, e.g., quarterly] to discuss business affairs.
Clause 4: Voting Rights
Each Shareholder shall have voting rights proportional to their ownership percentage in the Company. Decisions shall be made by a majority vote.
Clause 5: Distributions
Distributions to Shareholders shall be made in accordance with their respective ownership percentages and shall be approved at the annual meeting.
Clause 6: Indemnification
The Company shall indemnify its Shareholders against any damages or losses incurred in connection with the business of the Company, except for acts of gross negligence.
Clause 7: Amendments
This Operating Agreement may be amended only by a written agreement signed by all Shareholders.
Signed in [City], [Date].
Sincerely,
[Signature of Shareholder 1]
[Name of Shareholder 1]
[Signature of Shareholder 2]
[Name of Shareholder 2]
S Corp Operating Agreement Template UK (2)
Between:
[Name of the S Corporation]
[Company Registration Number]
[Registered Address]
[Business Phone]
[Business Email]
And:
[Name of the Shareholder 1]
[Shareholder 1’s ID]
[Shareholder 1’s Address]
[Shareholder 1’s Phone]
[Shareholder 1’s Email]
And:
[Name of the Shareholder 2]
[Shareholder 2’s ID]
[Shareholder 2’s Address]
[Shareholder 2’s Phone]
[Shareholder 2’s Email]
Introduction:
This Operating Agreement establishes the framework for the operation and governance of the S Corporation as of [Effective Date].
Clause 1: Corporate Name
The name of the Company shall be [Legal Name of the Company].
Clause 2: Registered Office
The registered office of the Company shall be located at [Registered Address].
Clause 3: Capital Contributions
Each Shareholder agrees to contribute capital to the Company in the amounts specified herein, with additional contributions required as agreed upon by the Shareholders.
Clause 4: Accounting and Records
The Company shall maintain accurate financial records and shall prepare annual financial statements in accordance with applicable laws.
Clause 5: Profit and Loss Allocation
The Company’s profit and losses shall be allocated to Shareholders based on their ownership percentages, as detailed in this Agreement.
Clause 6: Transfer of Shares
Shares in the Company shall not be transferred without the written consent of the other Shareholders, except to immediate family members.
Clause 7: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Shareholder 1]
[Name of Shareholder 1]
[Signature of Shareholder 2]
[Name of Shareholder 2]

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S Corp Operating Agreement Template UK