Multi Member LLC Operating Agreement for the United Kingdom

Multi Member LLC Operating Agreement Template for England and Wales

This operating agreement is a foundational document for multi-member business entities in England and Wales. While the LLC structure is not native to English law, this agreement adapts LLC principles to the framework of either a Limited Liability Partnership (LLP) or Private Limited Company (Ltd). It establishes the rights, responsibilities, and relationships between business members, covering aspects such as ownership, management, profit sharing, and decision-making processes, all while ensuring compliance with English and Welsh corporate law.

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 Operating Agreement

4.6 / 5

4.8 / 5

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

The Multi Member LLC Operating Agreement, adapted for English and Welsh law, serves as the primary governing document for businesses with multiple owners. While traditional LLCs don't exist in England and Wales, this agreement provides equivalent governance through either LLP or Ltd structures. It's essential when establishing a new business entity or formalizing arrangements between multiple business owners. The document covers crucial aspects including capital contributions, profit sharing, management rights, transfer restrictions, and dispute resolution mechanisms. It should be implemented at business formation or when transitioning from a different business structure, ensuring compliance with the Companies Act 2006 and related legislation.

What sections should be included in a Multi Member 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 objectives of the business

5. Capital Contributions: Initial and ongoing capital requirements

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

7. Management Structure: Governance and decision-making processes

8. Members' Rights and Obligations: Core responsibilities and entitlements of members

9. Transfer of Interests: Rules for transferring ownership stakes

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

1. Intellectual Property Rights: IP ownership and protection provisions when the business involves creation or use of intellectual property

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

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

4. Regulatory Compliance: Specific regulatory obligations when operating in regulated industries

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

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

2. Schedule 2: Initial Capital Contributions: Itemized list of initial investments by each member

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

4. Schedule 4: Deed of Adherence: Template for new members joining the business

5. Appendix A: Voting Rights: Detailed voting procedures and rights allocation

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

Banking & Finance
Real Estate
Legal Services
Property Development

Relevant Teams

Legal
Mortgage Operations
Property Management
Compliance
Real Estate

Relevant Roles

Mortgage Officer
Conveyancing Solicitor
Property Manager
Legal Counsel
Compliance Officer
Real Estate Attorney

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 Operating Agreement?

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

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

What schedules should be included in a Multi Member 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