LLC Operating Agreement (Manager Managed)

This LLC Operating Agreement (Manager Managed) template defines the structure and management responsibilities of a limited liability company (LLC) where one or more managers oversee operations instead of the members. It covers essential aspects such as management duties, decision-making processes, ownership rights, profit distribution, and dispute resolution, providing clarity and protection for both managers and members. Ideal for LLCs with a designated management team.

Disclaimer - Not Legal Representation or Advice:
Templates and information are not intended to constitute legal advice or representation. User acknowledges that they have not relied on any legal advice from the drafting of this template and should seek independent legal advice for any specific legal questions or concerns.