This form is used when the Owners, by unanimous consent, desire to amend the Operating Agreement.
The Ohio Amendment to Operating Agreement refers to a legal document that modifies the terms and conditions of an existing operating agreement for a limited liability company (LLC) in the state of Ohio. This amendment plays a crucial role in allowing LLC owners to change, update, or clarify provisions of their original operating agreement to reflect the evolving needs and circumstances of the company. Ohio offers several types of amendments to the operating agreement that LLC owners can utilize based on their specific requirements. These variations include: 1. Ohio Amendment to Operating Agreement — Name Change: This type of amendment is used when an LLC wishes to change its legal name. It requires the LLC members to provide the old name, new name, and a statement explaining the reason for the name change. Along with the amendment form, a copy of the LLC's amended articles of organization, reflecting the new name, must be submitted to the Ohio Secretary of State. 2. Ohio Amendment to Operating Agreement — Membership Changes: This amendment is employed when modifications are needed regarding LLC membership. It may involve adding or removing members, altering their ownership percentages, or updating their rights and responsibilities within the company. The LLC must file the completed amendment form with the Ohio Secretary of State, along with any required fee and supporting documentation such as revised membership certificates. 3. Ohio Amendment to Operating Agreement — Capital Contribution Alteration: When an LLC decides to adjust the capital contributions made by its members, an amendment is necessary. This amendment outlines the changes to be made, including the amount each member contributed, or will contribute, to the LLC's capital. The completed form, along with any required fees and relevant supporting documents must be submitted to the Ohio Secretary of State to formalize these adjustments. 4. Ohio Amendment to Operating Agreement — Management Modifications: In cases where an LLC needs to modify its management structure, this type of amendment is utilized. It allows changes to be made to roles, responsibilities, decision-making processes, and the appointment or removal of managers. The completed amendment form must be filed with the Ohio Secretary of State, along with any required documentation and fees. When preparing any amendment to an operating agreement in Ohio, it's essential to comply with the state's specific legal requirements and regulations. Individuals or LCS seeking to make amendments should consult with an attorney or carefully review the Ohio Revised Code and the Ohio Administrative Code to ensure full compliance with the law.
