Oregon Llc Operating Agreement Template

Disclaimer

The material provided is intended solely as a general example for informational purposes. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in business formation or partnership agreements. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This sample is a simplified illustration of an Oregon LLC Operating Agreement. Actual terms may vary; consult legal counsel for a tailored document.

Oregon LLC Operating Agreement Sample

Parties:

Member 1: Alice Johnson
Address: 789 Pine Street, Portland, OR 97201

Member 2: Bob Smith
Address: 456 Maple Avenue, Portland, OR 97202

Formation and Purpose:

This Limited Liability Company (the “Company”) was formed under the laws of the State of Oregon. The purpose of the Company is to engage in lawful business activities as agreed upon by the Members.

Management Structure and Voting:

The Company will be managed by its Members unless otherwise specified. Decisions shall be made by a majority vote unless a different voting threshold is required by this agreement or law.

Capital Contributions:

Members shall contribute capital as set forth in Schedule A. Additional contributions may be made upon mutual agreement.

Profits, Losses, and Distributions:

The profits and losses shall be allocated in proportion to Members’ respective capital contributions. Distributions shall be made as determined by the Members.

Dissolution:

The Company may be dissolved upon agreement of Members or as otherwise provided by law. Upon dissolution, assets shall be distributed in accordance with Members’ capital accounts.

Miscellaneous:

• Amendments to this agreement require written consent of all Members.
• Governing law shall be the laws of the State of Oregon.
• Any disputes shall be resolved through arbitration or courts in Portland, Oregon.

Portland, Oregon, ______________________