Member Managed LLC Operating Agreement for the United Kingdom

Member Managed LLC Operating Agreement Template for England and Wales

This document serves as the governing agreement for a business structure in England and Wales, though it's important to note that the US-style LLC doesn't exist in this jurisdiction. Instead, it would need to be adapted for either a Limited Liability Partnership (LLP) or Private Limited Company (Ltd). The agreement outlines the rights, responsibilities, and relationships between members, including management structure, profit sharing, decision-making processes, and capital contributions.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our England and Wales-compliant Member Managed LLC Operating Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Member Managed LLC Operating Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Member Managed LLC Operating Agreement?

A Member Managed LLC Operating Agreement typically governs the internal operations of a business, though in England and Wales, this would need to be adapted for either an LLP or Ltd structure. This document is essential when establishing a new business or reforming an existing one, providing comprehensive guidelines for management, profit distribution, voting rights, and member responsibilities. It serves as the foundational document that outlines how the business will operate and how decisions will be made, incorporating requirements under English and Welsh law.

What sections should be included in a Member Managed LLC Operating Agreement?

1. Parties: Identification and details of all members/partners

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Business Purpose: Scope and nature of business activities

5. Capital Contributions: Initial and ongoing financial commitments

6. Profit and Loss Distribution: How profits and losses are shared

7. Management Structure: Decision-making processes and authority

8. Voting Rights: Voting procedures and thresholds

9. Transfer of Interests: Procedures for transferring membership interests

10. Dissolution and Winding Up: Process for terminating the business

What sections are optional to include in a Member Managed LLC Operating Agreement?

1. Non-compete Provisions: Restrictions on competitive activities by members during and after membership

2. Intellectual Property Rights: Ownership and use of intellectual property created by members

3. Dispute Resolution: Procedures for resolving conflicts between members

4. Confidentiality: Protection of business secrets and confidential information

5. Death or Incapacity: Procedures in case of member death or incapacity

What schedules should be included in a Member Managed LLC Operating Agreement?

1. Schedule 1: Members' Details: Complete information about each member including contact details and ownership percentages

2. Schedule 2: Capital Contributions: Detailed breakdown of initial and agreed future capital contributions by members

3. Schedule 3: Business Plan: Initial business strategy, objectives, and financial projections

4. Schedule 4: Voting Procedures: Detailed voting mechanisms, thresholds, and requirements for different types of decisions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Information Technology
Professional Services
Manufacturing
Financial Services
Telecommunications

Relevant Teams

Legal
Commercial
Procurement
Finance
Operations

Relevant Roles

Chief Legal Officer
Commercial Director
Procurement Manager
Contract Manager
Legal Counsel

Find the exact document you need

No matches found.

Standard LLC Agreement

An England & Wales legal document outlining the operational framework for a limited liability company.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Member Managed LLC Operating Agreement?

What sections should be included in a Member Managed LLC Operating Agreement?

What sections are optional to include in a Member Managed LLC Operating Agreement?

What schedules should be included in a Member Managed LLC Operating Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Standard LLC Agreement

Small Business Operating Agreement

Simple Operating Agreement For Two Member LLC

Simple Operating Agreement

Restaurant Operating Agreement

Real Estate Partnership Operating Agreement

Professional LLC Operating Agreement

Professional Limited Liability Company Operating Agreement

Photography LLC Operating Agreement

Operating Service Agreement

Operating Agreement Llp

Operating Agreement For Trucking Company

Operating Agreement For Non Profit Corporation

Operating Agreement For Incorporation

Operating Agreement For Corporation

Operating Agreement Between Partners

Nonprofit LLC Operating Agreement

Non Profit Operating Agreement

Multi Member Managed LLC Operating Agreement

Multi Member LLC Agreement

Members Agreement For LLC

Management Agreement Between Two Companies

LLC Profit Interest Agreement

LLC Operating Agreement For Shared Vacation Home

LLC Membership Admission Agreement

LLC Member Control Agreement

LLC Equity Agreement

LLC Bylaws

Limited Liability Agreement

Limited Company Agreement

Joint Operation Contract

Joint Operation Agreement

Joint Operating Agreement

Investment Fund Operating Agreement

Independent Contractor Operating Agreement

Holding Company Operating Agreement

Hedge Fund LLC Operating Agreement

General Partnership Operating Agreement

Guaranteed Payments LLC Operating Agreement

Farm LLC Operating Agreement

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Templates

Contract Templates

Letter Templates

Policy Templates

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

Generate Legal Docs Free