Multi-Member LLC Operating Agreement Template - Texas

To verify the legitimate status of your business and safeguard the owners of the company from personal responsibility for the debts it has accumulated, you need to have a personalized Texas Multi-Member LLC Operating Agreement . Even though it is not a mandatory internal document you are required to draft for the company formed in the state, it will be beneficial to have a manual of rules the board follows whenever there is a disagreement between the members or when there is a necessity to elaborate on the structure of the business during the negotiations with a potential business partner.

You may download a Texas Multi-Member LLC Operating Agreement template below - distribute the copies to all the members and keep an updated version in your main office. At a minimum, a document of this kind contains the names of the owners and the list of their rights and obligations, the mission statement of the business and the overview of its activities, and the elaboration on the financial matters like allocation of revenue, accounting, and bookkeeping.

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.