Multi-Member LLC Operating Agreement Template - Connecticut

A Connecticut Multi-Member LLC Operating Agreement refers to a formal document that lists the main features of the limited liability company that has several owners letting them regulate the most important aspects of their business affairs. There are multiple reasons the members of the LLC should draft and sign this contract: safeguard themselves from personal responsibility for the debts of the company, avoid complying with the laws of the state and make their own bylaws that will help you manage the organization the way you see fit, and prepare a legal instrument that will show your future partners and investors how your entity operates.

A Connecticut Multi-Member LLC Operating Agreement template can be found through the link below - it is possible to personalize this document to suit the particular needs of the organization. Traditionally, it defines the objective of the business, lists the names of all the owners, records the particulars of the profit and loss distribution, explains how the company will handle the retirement or death of one of the members, and indicates the procedures to follow when there is a need to update the existing bylaws.

Still looking for a particular template? Take a look at the related forms and templates below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.