Basic Operating Agreement Template for Australia

1. Intellectual Property: Include when the business owns or develops significant IP assets

2. Confidentiality: Add when parties need to share sensitive business information

3. Non-Competition: Include when there are concerns about parties competing with the business

4. Employee Management: Add when the business will have employees and needs specific management provisions

5. Insurance: Include when specific insurance requirements need to be maintained

6. External Financing: Add when the business anticipates seeking external funding

7. Tax Matters: Include detailed tax provisions when complex tax arrangements are needed

8. Business Succession: Add when specific succession planning is required

1. Schedule 1 - Capital Contributions: Details of initial and subsequent capital contributions by parties

2. Schedule 2 - Ownership Interests: Current ownership structure and percentage interests

3. Schedule 3 - Business Plan: Initial business plan and strategic objectives

4. Schedule 4 - Management Structure: Detailed organizational chart and management responsibilities

5. Schedule 5 - Reserved Matters: List of decisions requiring special approval or unanimous consent

6. Appendix A - Meeting Procedures: Detailed procedures for conducting meetings and maintaining minutes

7. Appendix B - Financial Reporting Requirements: Specific requirements for financial statements and reports

8. Appendix C - Transfer Procedures: Detailed procedures for transferring ownership interests