Multi-Member LLC Operating Agreement Template - Tennessee

In case your business was formed by several people that contributed equal or different amounts to the capital and you want to distribute the stock and the revenue of the organization fairly, you need to compose a Tennessee Multi-Member LLC Operating Agreement . Without this document in place, your entity may be subject to default state laws that will force you to allocate the profits evenly which does not reflect the true state of affairs and may not be suitable for your organization.

Download a Tennessee Multi-Member LLC Operating Agreement template below - it will confirm the members of the board do not bear personal responsibility for the debts of the company. Whenever you are dealing with business partners or investors that want to know more about the internal structure of your organization, you can share this document with them - they will be able to see the duties of the owners, the provisions covering the allocation of stock and profits, and the clauses detailing accounting and bookkeeping of your entity.

Haven't found the template you're looking for? Take a look at the related templates and forms below:

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