Get Tx Limited Liability Company Operating Agreement 2020-2025

Filling out the Texas Limited Liability Company Operating Agreement is a vital step for those looking to establish their LLC in Texas. This guide will provide clear and concise instructions on completing the agreement online, ensuring that you can navigate the process with confidence.

Follow the steps to fill out the LLC operating agreement successfully.

1. Click ‘Get Form’ button to download the TX Limited Liability Company Operating Agreement and open it in your preferred online document editor.
2. Indicate whether your LLC is a Single-Member or Multi-Member LLC by checking the appropriate box on the form. Provide the required information for the selected option, including the name of the sole owner for a Single-Member LLC or the names and ownership percentages for each member in a Multi-Member LLC.
3. Fill in the name of the Company and its principal place of business. Ensure accurate addresses are provided as this information is essential for official correspondence.
4. Record the date of formation and confirm that the Articles of Organization were filed appropriately with the Secretary of State.
5. For Single-Member LLCs, outline the capital contributions made. For Multi-Member LLCs, specify the contributions of each member, along with the respective ownership percentages.
6. Detail how the management of the company will function. If applicable, confirm whether the company will be member-managed or otherwise.
7. Note the distribution provisions, detailing how profits and losses will be shared among members according to their percentage interests.
8. Ensure that maintenance of books, records, and tax returns is clearly defined and that each member understands their responsibilities in this area.
9. Discuss dissolution procedures, ensuring clarity on how and when the company may be dissolved and what processes will be followed.
10. Review all the details filled in for accuracy. Once satisfied with the information, save the document in your chosen format, whether PDF or another type.
11. Download, print, or share the completed form as required. Make sure to retain copies for your records.

Start completing your Texas LLC Operating Agreement online today to ensure your business is set up correctly.