Multi-Member LLC Operating Agreement Template - Rhode Island

If your entity has more than one owner, you will greatly benefit from preparing and signing a formal contract that will let the people in charge of the company deal with internal disputes and be aware of the main rules they need to adhere to in terms of short- and long-term strategies of the business - draft a Rhode Island Multi-Member LLC Operating Agreement . Every time you need to conduct a vote, add a new owner or formalize the retirement of an old one, or implement a new business plan, you will be able to refer to the regulations that tell you how to act in different circumstances.

A Rhode Island Multi-Member LLC Operating Agreement template can be found below. While there is no legal requirement to file it with any authorities of the state, you should keep an updated version of this document in your records - traditionally, it includes the names of the owners and their responsibilities, the clauses describing the distribution of shares and profit, and the steps you need to take when voting on the most pressing issues related to the life of the company.

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.