The Texas Series LLC Operating Agreement Template is offered in multiple formats, including PDF, Word, and Google Docs, and features customizable and printable samples.
Texas Series Llc Operating Agreement Template UK Editable – PrintableSample
Texas Series LLC Operating Agreement Template 1. Series LLC Information 2. Member Information 3. Purpose of the Series 4. Management Structure 5. Contributions of Members 6. Distributions 7. Tax Treatment 8. Indemnification 9. Amendments 10. Dissolution 11. Signature and Agreement
PDF
WORD
Examples
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
[Name of the Series LLC]
[LLC’s ID]
[LLC’s Address]
[LLC’s Phone]
[LLC’s Email]
This Operating Agreement governs the operation of [Name of the Series LLC] as a Series LLC in the State of Texas, and outlines the rights and responsibilities of its members.
This LLC was formed under the laws of Texas as a Series LLC. The initial member is [Name of the Member] who shall hold 100% ownership interest in the LLC and its series.
The purpose of the LLC is to engage in any lawful business activity permitted under the Texas Limited Liability Company Act, including [Specify business activities].
The LLC may establish one or more series, each of which will have separate rights, powers, and duties, including the ability to hold assets and incur liabilities.
The management of the LLC shall be vested in its members, who will make decisions unanimously unless otherwise specified for certain actions in this agreement.
Profits and losses shall be allocated to members in proportion to their membership interests. Distributions shall be made at the discretion of the members, based on available cash.
To the fullest extent permitted by law, the LLC shall indemnify members and managers from any loss, liability, or expense incurred in connection with the LLC.
This Agreement may be amended only with the written consent of all members, which shall specify the terms of any amendment.
[Signature of the Member]
[Name of the Member]
[Signature of the Manager]
[Name of the Manager]
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
[Name of the Series LLC]
[LLC’s ID]
[LLC’s Address]
[LLC’s Phone]
[LLC’s Email]
This Operating Agreement establishes the relationship between the members of [Name of the Series LLC] and outlines the management of its series as per Texas law.
Members have the authority to make all decisions regarding the operations of the LLC unless otherwise provided in this Agreement.
New members may be admitted into the LLC upon the unanimous consent of existing members and must execute written consent to this Agreement.
Members have the right to information regarding the business activities and finances of the LLC and must perform their duties in good faith and with loyalty.
Regular meetings shall be held at least annually, with special meetings called as necessary by any member, provided notice is given in advance.
The LLC shall dissolve upon the decision of all members or as required by law, with procedures for winding up its business affairs as mandated by the Texas LLC Act.
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and any disputes shall be settled in the courts of [Specify County].
[Signature of the Member]
[Name of the Member]
[Signature of the Manager]
[Name of the Manager]
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