Amendment to the Operating Agreement: Definition, Example
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Quick Facts — Amendment To The Operating Agreement Lawyers
- Avg cost to draft an Operating Agreement: $860.00
- Avg cost to review an Operating Agreement: $560.00
- Lawyers available: 321 business lawyers
- Clients helped: 541 recent amendment to the operating agreement projects
- Avg lawyer rating: 4.93 (97 reviews)
What is an Amendment To The Operating Agreement?
An amendment to the operating agreement is additional terms to an existing agreement meant to legally modify the original agreed-upon terms. When all parties to the original agreement agree to modify the agreement, an amendment makes it possible to make changes while avoiding signing an additional agreement.
The most obvious advantage to creating an amendment to the operating agreement is saving time. Amendments are added with much more ease and speed versus creating a new agreement, which would likely require consultation of a lawyer and extended timelines to allow both parties to review an entire contract.
Amendment To The Operating Agreement Sample
A. | The Members are all parties to the Second Amended and Restated Operating Agreement of the Company dated November 10, 2010 (the "Operating Agreement"). Any capitalized terms that are utilized in this Amendment but that are not defined in this Amendment shall have the meanings given to those terms in the Operating Agreement, including the terms "Members" and "Directors". |
B. | The Members desire to amend certain Sections of the Operating Agreement pursuant to, and upon the terms of, this Amendment, with this Amendment having been approved and adopted by the requisite vote of the Members at the annual meeting of the Members that was held on March 4, 2013. |
Reference:
Security Exchange Commission - Edgar Database, EX-3.2.1 2 amendmenttosecondamendedan.htm AMENDMENT TO SECOND AMENDED AND RESTATED OPERATING AGREEMENT, Viewed August 11, 2022, View Source on SEC.
Who Helps With Amendment To The Operating Agreements?
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See Real Operating Agreement Projects
Delaware Drafting Operating Agreement. Add Member in existing LLC pre-revenue company with IP (software code) Drafting
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Meet some of our Amendment To The Operating Agreement Lawyers
Morgan S.
Corporate Attorney that represents startups, businesses, investors, VC/PE doing business throughout the country. Representing in a range of matters from formation to regulatory compliance to financings to exit. Have a practice that represents both domestic and foreign startups, businesses, and entrepreneurs. Along with VC, Private Equity, and investors.
"Morgan delivered far beyond the price point. He didn't just review our investor package — he caught gaps two other reviewers missed (including a top-tier venture firm we benchmarked him against), rebuilt the custom documents to professional standard, and added missing closing mechanics we didn't even know we needed: the 83(b) election, escrow instructions, stock assignment. He pushed back on his own client when the documents said otherwise — that's the lawyer you want. §144 analysis citing the 2025 Delaware reform, triple anti-broker-dealer protections, a related-party ARR cap he invented on his own — depth you'd expect at five times the fee, closed out with a proper written memo on firm letterhead. The timeline ran a bit longer than planned in places, but the result was more than worth it: every item closed, every question answered, the whole package consistent and ready to sign. Very happy overall — would hire again, and our next project is already queued."
Jehan C.
Experience business, estate and intellectual property attorney ready to serve entrepreneurs and creatives in all 50 state and those that have wills and estate planning needs in the District of Columbia.
"Jehan was responsive, spent time understanding the issue and provided a solution. Thank you."
Tabetha H.
I am a startup veteran with a demonstrated history of execution with companies from formation through growth stage and acquisition. A collaborative and data-driven manager, I love to build and lead successful teams, and enjoy working full-stack across all aspects of the business.
"Tabetha provided feedback on a legal document in a timely and thorough manner. I plan to use her services going forward."
Neil B.
Professional Experience Neil Belloff is an accomplished business lawyer with over 35 years of business and legal experience, including as Board Member, General Counsel, Chief Compliance Officer, Chief Operating Officer and Corporate Secretary. After law school, Neil joined a boutique law firm in New York City and practiced as a litigator and corporate securities lawyer. Soon thereafter, Neil became a Senior Attorney-Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission in Washington, D.C. responsible for reviewing 1933 Act and 1934 Act documents, coordinating projects with the EPA and DOL, overseeing bankruptcy, reorganization and work-outs, responding to Congressional inquiries, and providing assistance to other SEC divisions and the Department of Justice. Following his tenure with the government, Neil practiced with several NY-based law firms providing legal and business services to public and private enterprises focusing on securities, corporate, employment, IP, licensing, M&A, finance, governance, litigation, compliance and privacy matters. Neil became an in-house attorney in 2003 joining Deutsche Telekom, one of the largest telecommunications companies in the world, as Executive Vice President and US Securities and Corporate Counsel. He joined Celgene Corporation, a publicly listed global biopharmaceutical company, in 2010 and became General Counsel, Chief Compliance Officer and Corporate Secretary of Eloxx Pharmaceuticals, Inc. in 2018 (and Chief Operating Officer in 2020) and General Counsel, Chief Compliance Officer and Corporate Secretary of Acorda Therapeutics, Inc. in 2021. Neil went back to private practice in 2024. Neil has been lead counsel on dozens of IPOs (representing both issuers and underwriters) and multi-billion dollar M&A transactions. His practice includes licensing, structured finance, venture capital, risk assessment, corporate governance, legal and regulatory compliance, pharmaceutical development, and all aspects of corporate, securities, intellectual property, privacy and employment law. Education • J.D. - Quinnipiac University School of Law • LL.M. - Program in Securities Regulation at Georgetown University Law Center • M.A. - New York University • B.A. - Queens College of the City University of New York Admissions • New York, New Jersey, Connecticut • Southern District of New York • Eastern District of New York • District of Connecticut Publications • Frequent conference speaker (FEI, NACD, NIRI, ACC, PLI, MarcusEvans) • Co-authored chapter of NACD report on the Role of Directors in Strategic Planning, member of Blue Ribbon Commission of NACD • Authored various articles on securities, litigation and governance topics • Featured in Vanguard Law Magazine - https://www.vanguardlawmag.com/case-studies/neil-belloff-acorda-therapeutics/ Board Memberships • Former Board Member | Private computer network and software development company sold to NASDAQ listed company • Former Board Member | NASDAQ listed location-based entertainment company
"Thorough review and explanation. Excellent advice. Highly recommended!"
Elexius E.
My name is Elexius. I’ve been practicing since 2016. I began my career doing defense work for insurance companies. I handled worker’s compensation cases, insurance subrogation claims and a number of related employment issues including wage and hour disputes, resignation, termination and release of claims. I also handled employee contract matters and revised contracts as needed for my clients. In my current role I draft contracts and related agreements, including cease and desist, letters of understanding, and various notices. I also handle contractual interference issues.
"Elexius did tremendous work on our project together. It was a very complex heir assignment between three independent couples that co own a foreign property with a LLC based out of Georgia. She did rapid research and reached out to lawyers in the foreign country to understand the legal landscape, brought solutions to our challenges and helped us develop separate documents to cover both the foreign and stateside interests of the owning parties. She jumped on zoom calls and phone calls with short notice all along the way. I could not recommend her highly enough."
Ramsey T.
My clients are often small and medium size technology companies, from the "idea" stage to clients who may have raised a round or three of capital and need to clean up a messy cap table. I help with all legal matters related to growth that keep founders up at night - hiring people, allocating equity, dealing with shareholders and investors, client negotiations and early litigation counseling (before you need a litigator). I've seen a lot, and because I run my own business, I understand the concerns that keep you up at night. I’ve been through, both on my own and through other clients, the “teething” pains that will inevitably arise as you scale-up – and I’m here to help you. I have over 20 years international experience devising and implementing robust corporate legal strategies and governance for large multinationals. I now focus on start-ups and early/medium stage technology companies to enable a sound legal foundation for your successful business operations. Many of my clients are international with US based holding companies or presences. My 17 years abroad helps me "translate" between different regimes and even enabling Civil and Common Law lawyers to come together. Regularly, I handle early stage financings including Convertible Notes, Seed and Series A/B financings; commercial and technology contracts; international transactions; tax; mergers and acquisitions.
"Great communication via multiple media; quick to respond once actual communication channel was open; did exactly what he said he would do (in this instance, quicker than he said that he would be able to); knowledgeable; personable"
Dani E.
Dani is a trusted legal professional with expertise in contracts and corporate legal operations. Dani supports customers in reviewing and negotiating both buy and sell side agreements, including but not limited to Master Services Agreements, Licensing Agreements, SaaS Agreements, Supply Agreements, Commercial Contracts, Healthcare Contracts, IT Contracts, Vendor Contracts and Non-Disclosure Agreements. She also assists with negotiation strategy, contract lifecycle, privacy issues, legal policy setting, process improvement, corporate governance, force majeure clauses and template harmonization and playbook development. Dani has proven success drafting, negotiating and advising executive leadership on contracts to drive outcomes in line with defined strategic objectives. Dani is based in Georgia and holds a law degree from Western Michigan University’s Cooley Law School.
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Browse Lawyers NowLawyer Reviews for Amendment To The Operating Agreement Projects
Review Operating Agreements
"Excellence. Responsive. Timely. I could go on. It all went very smoothly, her insight and years of experience are worth every penny!!"
Review Operating Agreement for a Delaware LLC company
"I really enjoyed working with Dolan. He knew operating agreements inside and out — especially for Delaware LLCs."
Review & Finalize Operating Agreement
"Dolan was great, the quality of work came out great and he was very quick and responsive as well."
Sandia Purpose, Recovery services operator agreement
"The attorney was responsive, professional, and clear throughout the process. The work was completed within the agreed budget, and the final document addressed the revisions I requested. I appreciated the timely communication and the clean final product."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Operating Agreement: Partnership
Location: Massachusetts
Turnaround: Over a week
Service: Drafting
Doc Type: Operating Agreement
Number of Bids: 8
Bid Range: $400 - $2,500
ContractsCounsel User