Multi Member Managed LLC Operating Agreement for the United Kingdom

Multi 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. While traditionally formatted as a Multi-Member Managed LLC Operating Agreement, it needs to be adapted to either a Limited Liability Partnership (LLP) Agreement or a Private Limited Company Agreement, as LLCs do not exist in English law. The document outlines the rights, responsibilities, and relationships between business owners, including management structure, capital contributions, profit sharing, and decision-making processes.

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 Managed LLC Operating Agreement

4.6 / 5

4.8 / 5

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

The Multi Member Managed LLC Operating Agreement needs to be adapted for use in England and Wales, where Limited Liability Companies (LLCs) are not recognized legal entities. This document is essential when two or more parties wish to establish a formal business structure with limited liability protection. It sets out the framework for business operations, ownership rights, management responsibilities, and financial arrangements. The agreement should be structured either as an LLP Agreement or a Private Limited Company Agreement to comply with English and Welsh law, incorporating all necessary provisions for effective governance and protection of members' interests.

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

5. Capital Contributions: Initial and ongoing financial commitments

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

7. Management Structure: Decision-making processes and authority levels

8. Voting Rights: Voting procedures and thresholds

9. Transfer of Interests: Rules for transferring ownership stakes

10. Dissolution: Process for winding up the business

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

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

2. Intellectual Property Rights: Ownership and protection of IP - used when IP is significant to the business

3. Dispute Resolution: Alternative dispute resolution procedures - used when specific dispute mechanisms are desired

4. Tag-Along Rights: Rights to join in sale of interests - used when protecting minority interests

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

1. Schedule of Members: Detailed list of members and their contributions

2. Business Plan: Initial business plan and projections

3. Asset Register: List of company assets and their ownership

4. Delegated Authority Matrix: Detailed breakdown of decision-making powers

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
Retail
Manufacturing

Relevant Teams

Legal
Finance
Operations
Corporate Governance
Business Development

Relevant Roles

Managing Director
Chief Executive Officer
Company Director
Chief Financial Officer
General 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 Multi Member Managed LLC Operating Agreement?

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

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

What schedules should be included in a Multi 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