LLC Operating Agreement Questionnaire

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LLC Operating Agreement Questionnaire

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Name for LLC

Principal Office

Registered Agent/Office

Initial Members

Ownership Interests of Each Member

Amount of Capital Each Member Will Contribute?

Will any Members be Granted an Interest Solely for the Performance of Services?

Will the Members Face Penalties for Failing to Make Their Capital Contributions?

How Will Cash be Distributed to the Members?

Will Tax Distributions be Made to the Members?

Who Will Manage the LLC (One Manager or a Group of Managers)?

How LLC Decisions are to be Made (i.e. Voting)?

Whether There Will be Buy Sell Provisions (Right of First Refusal, Tag-Along/Drag-Along Rights)?

What Will Happen Upon the Death or Disability of a Member?

Arbitration vs. Court of Law in the Event of a Dispute Between Members?

Whether the Members Will be Subject to a Confidentiality Restriction?

Whether the Members Will be Subject to a Non-Competition Restriction?

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