Texas Llc Operating Agreement Template

Disclaimer

The provided document template serves as a general example for forming a limited liability company agreement within the state. It does not constitute legal advice and should not replace consultation with a qualified attorney experienced in business formations and state-specific regulations. Laws and requirements can vary by jurisdiction, and modifications may be necessary to ensure legal compliance. Responsibility for use lies solely with the user, and no liability is assumed for errors, omissions, or consequences from relying on this material without professional review.

This sample template for a Texas LLC Operating Agreement may vary depending on specific circumstances and legal requirements. Adjust details accordingly for your particular LLC.

Texas LLC Operating Agreement Sample

Parties:

Member 1: Alice Johnson
Address: 789 Oak Street, Austin, TX 78701

Member 2: Bob Martinez
Address: 456 Maple Avenue, Houston, TX 77002

Purpose of the LLC:

The purpose of this LLC is to engage in the business activities as specified herein, including but not limited to real estate investment and management within the State of Texas.

Capital Contributions:

Members agree to contribute the following capital: Alice Johnson shall contribute $50,000, and Bob Martinez shall contribute $50,000, payable upon execution of this agreement.

Management of the LLC:

The LLC shall be managed by the Members, with decision-making authority vested equally unless otherwise specified. Any major decisions require the consensus of all Members.

Profits and Losses:

Profits and losses shall be allocated equally among Members unless a different agreement is documented in writing.

Distributions:

Distributions shall be made to Members at such times and in such amounts as determined by the Members, subject to this agreement.

Dissolution:

The LLC may be dissolved upon agreement of Members holding at least a majority of the interests, with procedures and distribution of assets outlined herein.

Additional Provisions:

• Any amendments to this agreement must be made in writing and signed by all Members.
• Members shall keep accurate records of LLC activities and finances.
• No Member shall engage in competing activities without prior consent of other Members.

Austin, TX, ______________________