Multi Member LLC Agreement for the United Kingdom

Multi Member LLC Agreement Template for England and Wales

This agreement governs the relationship between members of a business partnership under English and Welsh law. While technically structured as a Limited Liability Partnership (LLP) or Private Limited Company (Ltd) in the UK (as LLCs don't exist in this jurisdiction), this agreement establishes the rights, responsibilities, and obligations of multiple business owners. It covers capital contributions, profit sharing, management structure, decision-making processes, and exit procedures, providing a comprehensive framework for business operations and member relationships.

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 Multi Member LLC Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Multi Member LLC 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 Multi Member LLC Agreement?

The Multi Member LLC Agreement, adapted for UK jurisdiction as either an LLP Agreement or Shareholders' Agreement, is essential when two or more parties wish to establish a formal business structure with limited liability protection. While the LLC structure doesn't exist in the UK, this agreement serves the same purpose under English and Welsh law, typically used when founding a new business venture, admitting new members, or restructuring an existing partnership. It defines capital contributions, profit sharing, management rights, transfer restrictions, and dissolution procedures, providing crucial protection for all parties involved.

What sections should be included in a Multi Member LLC Agreement?

1. Parties: Identification and details of all members entering into the agreement

2. Background: Context and purpose of the agreement, including business objectives

3. Definitions: Key terms and their meanings as used throughout the agreement

4. Business of the Partnership: Description of the nature and scope of business activities

5. Capital Contributions: Details of initial and ongoing capital contributions by members

6. Profit and Loss Sharing: Distribution of profits and allocation of losses among members

7. Management Structure: Governance framework and decision-making processes

8. Members' Rights and Obligations: Core rights and duties of members

9. Termination: Circumstances and procedures for agreement termination

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

1. Intellectual Property Rights: IP ownership and protection provisions - use when the business involves significant IP assets

2. Non-Compete Provisions: Restrictions on competitive activities - use when protecting business interests from member competition is crucial

3. International Operations: Provisions for cross-border activities - use when business operates in multiple jurisdictions

4. Special Purpose Vehicles: Provisions for subsidiary entities - use when the business structure includes SPVs

What schedules should be included in a Multi Member LLC Agreement?

1. Initial Capital Contributions Schedule: Detailed breakdown of members' initial investments

2. Members' Details: Complete information about each member including contact details

3. Business Plan: Initial business plan and strategy

4. Accounting Policies: Agreed accounting principles and procedures

5. Deed of Adherence: Template for new members joining the partnership

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

Professional Services
Technology
Real Estate
Manufacturing
Retail

Relevant Teams

Legal
Finance
Operations
Corporate Development
Compliance

Relevant Roles

Chief Executive Officer
Managing Director
Chief Financial Officer
Business Development Director
Company Secretary

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 Multi Member LLC Agreement?

What sections should be included in a Multi Member LLC Agreement?

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

What schedules should be included in a Multi Member LLC 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