Operating Agreement Articles of Incorporation serve as the foundational document for businesses seeking to establish their legal structure and operational framework in the United States. This document is particularly crucial when forming new business entities that require both statutory compliance for incorporation and detailed operational guidelines. It combines the statutory requirements of Articles of Incorporation with the practical governance provisions typically found in Operating Agreements. Used primarily during business formation, this document establishes the company's existence, defines its purpose, outlines management structure, and sets forth the rights and responsibilities of all parties involved.
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1. Article I - Organization: Name, purpose, principal office, registered agent, and duration of the company
2. Article II - Members: Member information, rights, responsibilities, and voting powers
3. Article III - Management: Management structure, officers, and their duties
4. Article IV - Capital Contributions: Initial contributions, additional capital requirements
5. Article V - Allocations and Distributions: Profit/loss allocation and distribution procedures
1. Article VI - Transfer Restrictions: Rules regarding transfer of ownership interests - include when transfer restrictions are desired
2. Article VII - Dissolution: Procedures for company dissolution - include when specific dissolution terms are needed
3. Article VIII - Indemnification: Indemnification provisions for officers/members - include when additional liability protection is desired
1. Schedule A - Member Information: Detailed list of members and their ownership interests
2. Schedule B - Capital Contributions: Detailed breakdown of initial capital contributions
3. Schedule C - Special Allocations: Any special allocation provisions or agreements
4. Exhibit A - Definitions: Detailed definitions of terms used in the agreement
Relevant legal definitions
Affiliate
Agreement
Articles of Organization
Board of Directors
Business Day
Capital Account
Capital Contribution
Certificate of Formation
Company
Confidential Information
Default
Directors
Distribution
Effective Date
Entity
Fiscal Year
Governing Law
Initial Capital Contribution
Interest
Majority Vote
Manager
Member
Membership Interest
Net Income
Net Loss
Officer
Operating Agreement
Percentage Interest
Person
Principal Office
Profits and Losses
Quorum
Registered Agent
Registered Office
Secretary
State
Subsidiary
Super Majority Vote
Tax Year
Transfer
Treasury Regulations
Unit
Voting Member
Clauses
Formation and Organization
Purpose and Powers
Registered Office and Agent
Membership
Capital Contributions
Voting Rights
Management Structure
Officers and Directors
Meetings
Distributions
Transfer Restrictions
Books and Records
Tax Matters
Indemnification
Dissolution
Amendment Procedures
Confidentiality
Non-Competition
Dispute Resolution
Governing Law
Severability
Notices
Assignment
Drag-Along Rights
Tag-Along Rights
Right of First Refusal
Preemptive Rights
Exit Provisions
Merger and Acquisition
Intellectual Property
Liability Limitations
Insurance Requirements
Compliance
Financial Reporting
Audit Rights
Relevant Industries
Relevant Teams
Relevant Roles
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