Disclaimer
The information provided is intended solely as a general example for creating a limited liability company operating agreement in Washington State. It does not constitute legal advice and should not replace consultation with a qualified attorney familiar with local laws and regulations. Laws may vary by jurisdiction, and modifications might be necessary to ensure compliance. The use of this template is at the user’s own risk, and no liability is assumed for any errors, omissions, or consequences resulting from its use without professional legal review.
This sample LLC Operating Agreement template for Washington State is provided for illustrative purposes only. Actual details should be customized to your specific circumstances and reviewed by legal counsel.
LLC Operating Agreement Sample – Washington State
Parties Involved:
Member 1: Alice Johnson
Address: 789 Pine Street, Seattle, WA 98101
Member 2: Bob Lee
Address: 456 Oak Avenue, Spokane, WA 99201
Business Purpose:
The purpose of this limited liability company (LLC) is to engage in the development and sale of real estate properties within Washington State and any other lawful business activities as agreed upon by the Members.
Management and Voting:
The LLC shall be managed by its Members. Each Member shall have voting rights proportionate to their percentage interest in the LLC. Decision-making shall require the approval of Members holding a majority of the membership interests.
Capital Contributions:
The Members shall contribute the following capital: Alice Johnson: $50,000; Bob Lee: $50,000. Additional contributions shall be made as agreed upon by the Members.
Profits and Losses:
Profits and losses shall be allocated in proportion to each Member’s percentage interest in the LLC, as outlined above.
Dissolution:
The LLC may be dissolved upon the vote of Members holding at least a majority interest, or as otherwise provided under Washington State law. Upon dissolution, assets shall be liquidated and distributed according to Members’ respective interests.
Additional Provisions:
- Any amendments to this Agreement must be in writing and signed by all Members.
- Members agree to maintain proper records and comply with applicable state laws.
- Dispute resolution shall be conducted through mediation or arbitration, as agreed by Members.
Seattle, Washington, ______________________
Alice Johnson (Member)
Bob Lee (Member)