The Multi Member Managed LLC Operating Agreement needs to be adapted for use in England and Wales, where Limited Liability Companies (LLCs) are not recognized legal entities. This document is essential when two or more parties wish to establish a formal business structure with limited liability protection. It sets out the framework for business operations, ownership rights, management responsibilities, and financial arrangements. The agreement should be structured either as an LLP Agreement or a Private Limited Company Agreement to comply with English and Welsh law, incorporating all necessary provisions for effective governance and protection of members' interests.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Multi Member Managed LLC Operating Agreement
"I need a Multi Member Managed LLC Operating Agreement for our new technology consulting business with three equal partners, incorporating specific provisions for intellectual property protection and a detailed process for bringing in additional members in the future."
1. Parties: Identification and details of all members/partners
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Business Purpose: Scope and objectives of the business
5. Capital Contributions: Initial and ongoing financial commitments
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Structure: Decision-making processes and authority levels
8. Voting Rights: Voting procedures and thresholds
9. Transfer of Interests: Rules for transferring ownership stakes
10. Dissolution: Process for winding up the business
1. Non-Compete Provisions: Restrictions on competitive activities - used when protecting business interests from member competition
2. Intellectual Property Rights: Ownership and protection of IP - used when IP is significant to the business
3. Dispute Resolution: Alternative dispute resolution procedures - used when specific dispute mechanisms are desired
4. Tag-Along Rights: Rights to join in sale of interests - used when protecting minority interests
1. Schedule of Members: Detailed list of members and their contributions
2. Business Plan: Initial business plan and projections
3. Asset Register: List of company assets and their ownership
4. Delegated Authority Matrix: Detailed breakdown of decision-making powers
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Standard LLC Agreement
An England & Wales legal document outlining the operational framework for a limited liability company.
find out more
Small Business Operating Agreement
An England & Wales legal document outlining governance and member roles for multi-owner small businesses.
find out more
Simple Operating Agreement For Two Member LLC
An England & Wales agreement defining rights and obligations for two-member LLCs, ensuring operational flexibility.
find out more
Simple Operating Agreement
An England & Wales legal document outlining business ownership, management, and profit distribution for SMEs.
find out more
Restaurant Operating Agreement
An England & Wales agreement governing restaurant operations, covering standards, compliance, financials, and risk management.
find out more
Real Estate Partnership Operating Agreement
An England & Wales legal document structuring joint real estate investments, defining contributions, profits, and management rights.
find out more
Professional LLC Operating Agreement
An England & Wales LLP agreement detailing governance and compliance for professional services firms.
find out more
Professional Limited Liability Company Operating Agreement
An England & Wales legal document outlining LLP governance for professional service providers.
find out more
Photography LLC Operating Agreement
An England & Wales legal document outlining operational guidelines for a photography business LLC.
find out more
Operating Service Agreement
An England & Wales contract outlining service standards and obligations for long-term operational relationships.
find out more
Operating Agreement Llp
An England & Wales agreement outlining LLP member roles, capital contributions, and dispute resolution procedures.
find out more
Operating Agreement For Trucking Company
An England & Wales legal document outlining roles and compliance for a multi-party trucking business.
find out more
Operating Agreement For Non Profit Corporation
An England & Wales legal document outlining governance and compliance for non-profit organizations.
find out more
Operating Agreement For Incorporation
An England & Wales legal document outlining company management, ownership, and governance under the Companies Act 2006.
find out more
Operating Agreement For Corporation
An England & Wales document outlining corporate governance and shareholder-director relationships for a corporation.
find out more
Operating Agreement Between Partners
An England & Wales legal document outlining partnership roles, responsibilities, and protocols to prevent business disputes.
find out more
Nonprofit LLC Operating Agreement
An England & Wales legal document outlining governance for a nonprofit structured as a Company Limited by Guarantee.
find out more
Non Profit Operating Agreement
An England & Wales legal document outlining governance for non-profit operations under Companies and Charities Acts.
find out more
Multi Member Managed LLC Operating Agreement
An England & Wales agreement outlining governance and member rights for a multi-member limited liability business structure.
find out more
Multi Member LLC Agreement
An England & Wales agreement outlining terms for multi-member business ventures with limited liability protection.
find out more
Members Agreement For LLC
An England & Wales legal document outlining LLC member roles, contributions, and dispute resolution procedures.
find out more
Management Agreement Between Two Companies
An England & Wales agreement outlining management services between two companies, detailing service terms and financial arrangements.
find out more
LLC Profit Interest Agreement
An England & Wales agreement granting profit interests in an LLC to incentivize key individuals or entities.
find out more
LLC Operating Agreement For Shared Vacation Home
An agreement for shared ownership and management of a vacation home in England & Wales.
find out more
LLC Membership Admission Agreement
An England & Wales agreement for admitting new LLC members, detailing rights, obligations, and compliance requirements.
find out more
LLC Member Control Agreement
An England & Wales agreement outlining internal operations and member relationships for limited liability entities.
find out more
LLC Equity Agreement
An England & Wales agreement detailing ownership and governance structures within a limited liability company.
find out more
LLC Bylaws
An England & Wales legal document outlining governance and operational guidelines for a private limited company.
find out more
Limited Liability Agreement
An England & Wales legal document outlining liability protection and operational rules for business owners.
find out more
Limited Company Agreement
An England & Wales legal document outlining company shareholding, management, and compliance with the Companies Act 2006.
find out more
Joint Operation Contract
An England & Wales contract outlining collaboration terms for joint business operations while maintaining separate legal identities.
find out more
Joint Operation Agreement
An England & Wales legal document outlining collaborative operational terms between separate legal entities.
find out more
Joint Operating Agreement
An England & Wales agreement managing multi-party ventures, defining roles, voting, and risk-sharing in capital-intensive sectors.
find out more
Investment Fund Operating Agreement
An England & Wales legal document governing investment fund operations, ensuring compliance and protecting managers' and investors' interests.
find out more
Independent Contractor Operating Agreement
An England & Wales legal document defining terms for engaging external service providers, ensuring compliance with IR35.
find out more
Holding Company Operating Agreement
An England & Wales legal document outlining governance and management of a corporate group's holding company and subsidiaries.
find out more
Hedge Fund LLC Operating Agreement
An England & Wales legal document outlining the operational framework and compliance for a hedge fund's management and investors.
find out more
General Partnership Operating Agreement
An England & Wales legal document outlining partner roles and liabilities in a general business partnership.
find out more
Guaranteed Payments LLC Operating Agreement
An England & Wales agreement establishing fixed payments to LLC members, ensuring consistent compensation and tax efficiency.
find out more
Farm LLC Operating Agreement
An England & Wales document denying customer claims, detailing reasons, policy references, and appeal options.
find out more
Family LLC Operating Agreement
An England & Wales agreement formalizing referral fee arrangements and ensuring compliance with legal and regulatory standards.
find out more
Contractor Operating Agreement
An England & Wales agreement outlining third-party referral processes and commission structures for business expansion.
find out more
C Corp Operating Agreement
An England & Wales document endorsing a teacher's qualifications and character for educational opportunities.
find out more
Aircraft LLC Operating Agreement
A formal document in England & Wales providing context for a recommendation letter, ensuring compliance with legal standards.
find out more
Asset Protection LLC Operating Agreement
An England & Wales document formalizing business referrals, detailing terms, compensation, and confidentiality provisions.
find out more
Articles Of Organisation Operating Agreement
An England & Wales legal document confirming acceptance of modified contract terms after a counter offer.
find out more
Annual Operating Agreement
A reference letter in England & Wales verifying a chef's skills, employment history, and character for career purposes.
find out more
Amended Operating Agreement LLC
An England & Wales legal document attesting to an individual's character from a pastor for various official purposes.
find out more
Aircraft Operating Lease Agreement
An England & Wales document assessing a nurse's professional conduct and competencies for employment or regulatory purposes.
find out more
Aircraft Operating Agreement
A legal document in England & Wales providing character testimony for court or formal applications.
find out more
50 50 Operating Agreement
An England & Wales document verifying banking relationships for financial standing and third-party reference purposes.
find out more
50 50 LLC Operating Agreement
An England & Wales document verifying banking relationships and financial conduct for business or tenancy purposes.
find out more
Bylaws And Operating Agreement
A governing document under English and Welsh law that sets out company rules, procedures, and operational guidelines.
find out more
Limited Liability Company Contract
A governing document for limited liability companies under English and Welsh law that establishes company rules, shareholder rights, and management structure.
find out more
LLC Operating Agreement Bank Account
An operating agreement governing LLC bank account management and controls under English and Welsh law.
find out more
LLC Holding Company Operating Agreement
A governing document for holding company operations under English and Welsh law, defining structure, management, and member rights.
find out more
Single Member Managed LLC Operating Agreement
A governing agreement for a single-member managed LLC, adapted for compliance with English and Welsh law.
find out more
Custom Operating Agreement
A legally binding document under English and Welsh law that establishes the operational framework and governance structure of a business entity.
find out more
Construction LLC Operating Agreement
A legal framework document governing the operation of a construction-focused limited liability company under England and Wales law.
find out more
Llp Operating Agreement
A governing document for Limited Liability Partnerships under English and Welsh law that sets out member rights, responsibilities, and operational procedures.
find out more
LLC Buyout Agreement
An agreement under English and Welsh law governing the sale of LLC membership interests between selling and buying parties.
find out more
Single Owner LLC Operating Agreement
A governing document for a single-member private limited company under English and Welsh law, establishing management and operational procedures.
find out more
Limited Liability Company Operating Agreement
A governing document that establishes management and operational procedures for limited liability companies under English and Welsh law.
find out more
Construction Operating Agreement
A legally binding agreement under English and Welsh law that establishes operational procedures and responsibilities for construction projects.
find out more
Profit Sharing Agreement Between Partners
An English law agreement defining profit-sharing arrangements between business partners, including calculation methods and distribution terms.
find out more
Limited Partnership Operating Agreement
An English law agreement governing the operation and management of a limited partnership, defining partner rights and obligations.
find out more
LLC Ownership Percentage Agreement
A legal agreement under England and Wales law that defines and governs ownership stakes and rights in a Limited Liability Company.
find out more
Member Managed Operating Agreement
A legal agreement under English and Welsh law defining how members manage and operate a limited liability company.
find out more
Operating Agreement For Bank Account
A legally binding agreement under English and Welsh law that governs the operation of a bank account, establishing terms and conditions between the bank and account holder(s).
find out more
Operating Agreement For Single Member LLC
A governing document for a single-member business entity under England and Wales law (structured as a Private Limited Company rather than LLC)
find out more
Sole Proprietorship Operating Agreement
A governing document for sole trader businesses under English and Welsh law, establishing operational procedures and business management framework.
find out more
Multi Member LLC Operating Agreement
A governing document for multi-member business entities under English and Welsh law, establishing operational and management frameworks for LLPs or Ltd companies.
find out more
Member Managed LLC Operating Agreement
A governing agreement for business operations under English and Welsh law, structured for either an LLP or Ltd company format.
find out more
Shareholder Operating Agreement
A legal agreement under English and Welsh law that governs the relationship between shareholders and establishes company operating procedures.
find out more
Real Estate LLC Operating Agreement
A governing document for real estate investment entities under England and Wales law, establishing operational and management frameworks.
find out more
Manager Managed LLC Operating Agreement
A governing document for manager-managed LLCs operating under England and Wales law, establishing operational and management frameworks.
find out more
LLC Shareholder Agreement
A legally binding agreement governing shareholder relationships and rights in an LLC under English and Welsh law.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.
