Indiana LLC Operating Agreement (Multiple Member – Includes Buy/Sell Provisions) – $250
An LLC Operating Agreement is used to define the relationship between the members of an LLC and the operating terms of a Limited Liability Company. Without an operating agreement, your Indiana LLC is subject to Indiana’s default LLC laws, as set forth in the Indiana Business Flexibility Act, IND. CODE § 23-18-1-1 et seq, which may not match your intentions.
An operating agreement is critical to have for a multiple member LLC, since without it, many aspects of the relationship between the members is left undefined. By purchasing this document and legal service, you receive an operating agreement tailored for your Indiana LLC based on the questionnaire you complete:
- Customized for either a member managed or manager managed LLC.
- Appointment of a Board of Managers (if applicable).
- Buy-sell provisions designed to help keep the LLC closely held by restricting the ways in which an interest in the LLC may be transferred.
- Definition of the amounts of capital contributed by each member, as well as the ownership interests of each member.
You will receive a word document containing your Multiple Member Operating Agreement as soon as you complete your online questionnaire. You will have the option of submitting your document for review by an attorney a single time.
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