Member Managed Operating Agreement Template for Philippines

1. Tax Matters: Specific tax elections and procedures if the LLC has complex tax requirements

2. Intellectual Property Rights: IP ownership and protection provisions if the LLC deals with intellectual property

3. Confidentiality: Detailed confidentiality obligations if the business involves sensitive information

4. Non-Compete Provisions: Restrictions on competitive activities if required for business protection

5. Foreign Investment Provisions: Special provisions if foreign members are involved, ensuring compliance with Philippine Foreign Investment laws

6. Dispute Resolution: Alternative dispute resolution procedures if members prefer arbitration or mediation

7. Insurance Requirements: Specific insurance obligations if the business nature requires certain coverage

8. Employee Management: Procedures for hiring and managing employees if the LLC will have employees

1. Schedule A - Initial Members and Capital Contributions: Detailed list of members and their initial capital contributions

2. Schedule B - Membership Interests: Current allocation of membership interests and voting rights

3. Schedule C - Valuation Methodology: Agreed methods for valuing membership interests

4. Schedule D - Approved Officers: List of appointed officers and their roles if applicable

5. Schedule E - Business Plan: Initial business plan and operational guidelines

6. Appendix 1 - Meeting Procedures: Detailed procedures for conducting member meetings

7. Appendix 2 - Financial Reporting Requirements: Specific requirements for financial statements and reports

8. Appendix 3 - Signature Pages: Execution pages for all members