Or Liability Company With Additional

• Category: Limited Liability Company - Operating Agreements
• State: Oregon
• Control #: OR-00LLC-1
• Format: Word; Rich Text

Description

The OR Liability Company with Additional Operating Agreement is a sample document designed for Oregon Limited Liability Companies (LLCs) that establishes the operational framework and governance structure among its members. Key features include provisions for management structure, member contributions, profit and loss distribution, voting rights, and member withdrawal or dissociation processes. Users are advised to customize the document to fit their specific needs effectively. The format allows for flexibility in management, whether via member management or appointed managers, and includes guidelines on officer roles and their responsibilities. This form serves various use cases, particularly for attorneys drafting agreements for clients forming LLCs, partners and owners defining their operational roles, associates and paralegals assisting in the document preparation process, and legal assistants ensuring compliance with state regulations. Clear sectioning of articles facilitates easy navigation, allowing users to locate specific provisions efficiently. It emphasizes protecting member interests and outlines clear protocols for financial distribution and the dissolution process, making it a practical tool for maintaining organizational integrity.