California Operating Agreement Templates

A California single member LLC operating agreement is a legal document that outlines the operational procedures and the structure of a limited liability company (LLC) that has only one member (owner) in the state of California. Even though California does not legally require an LLC to have an operating agreement, it is highly recommended to create one.

This form includes the below clauses:

1. Name
2. Term
3. Purpose
4. Powers
5. Principal Office; Office and Agent for Service of Process
6. Tax Representative
7. Required Filings
8. Members
9. Authority and Responsibilities of the Member
10. Liability of Member; Indemnification
11. Capital Contributions
12. Allocation of Net Income and Net Loss
13. Tax Status; Income and Deductions
14. Distributions
15. Company Expenses
16. Authority as to Third Parties
17. Assignment of the Member’s Interest
18. Records, Audits and Reports
19. Dissolution; Liquidation
20. Miscellaneous

A California multi-member LLC operating agreement is a legal document that establishes the operating procedures, structure, and governance for a limited liability company (LLC) with more than one member (owner) operating in the state of California.

This form includes the below articles:

1. ARTICLE I. ORGANIZATIONAL MATTERS
2. ARTICLE II. CAPITAL CONTRIBUTIONS
3. ARTICLE III. MEMBERS
4. ARTICLE IV. MANAGEMENT
5. ARTICLE V. ALLOCATIONS OF NET PROFITS AND NET LOSSES AND DISTRIBUTIONS
6. ARTICLE VI. TRANSFER AND ASSIGNMENT OF INTERESTS
7. ARTICLE VII. ACCOUNTING, RECORDS, REPORTING BY MEMBERS
8. ARTICLE VIII. DISSOLUTION AND WINDING UP
9. ARTICLE IX. INDEMNIFICATION
10. ARTICLE X. MISCELLANEOUS