Suppose a machine shop in Ohio, formed by a machinist, his daughter and a customer who put in cash, with $75,000 of capital between them. Their Ohio LLC operating agreement has to say what each of them owns, what they are paid out of a profit, and who has to agree before the company borrows, sells or takes a new member. Each of those is a figure, and the figures are worked from the contributions, the profit, the reserve and the thresholds the members choose. This page follows that company through its agreement's arithmetic and points at the free worksheet on this site that works the same figures from your own inputs. Nothing here is clause text, a Ohio rule or a fee; the state's filing office and your attorney hold those.
The vote a major decision needs, as capital that must say yes
For a machine shop in Ohio, formed by a machinist, his daughter and a customer who put in cash, a major-decision clause names a share of ownership, and the worksheet turns it into money and names. At a 75% threshold on $75,000 of capital, $56,250 of contributions must vote yes, which with shares of 66.7%, 13.3% and 20.0% means particular members and not others. What a Ohio agreement should set the threshold at is the members' call and their attorney's; the arithmetic is the same at any number.
The contribution schedule is the clause the rest reads from
A Ohio LLC operating agreement usually opens with the members and what each put in, and every later clause reads from that schedule. On the worked example, three members contributing $50,000, $10,000 and $15,000 own 66.7%, 13.3% and 20.0% of the company. The worksheet takes the contributions and returns the shares, so the ownership clause is worked from the contribution clause rather than typed in beside it and later found to disagree.
Distributions after a reserve, on the profit the members enter
Most agreements let the company keep a reserve before anything is distributed, then split what is left by ownership. With $150,000 of profit and a 10% reserve, $135,000 is distributable and the largest member's share of it is $90,000. Whether a Ohio company distributes at all, and when, is the members' decision under their own agreement; the worksheet works the figure and publishes no rule about it.
Where a Ohio agreement's rules live, and where its numbers do
Whether Ohio requires a written operating agreement, what it must contain and what the state charges to form or maintain the company are questions for the Ohio Secretary of State, Business Services, named below, and for your attorney; this page publishes no rule text, no fee and no legal advice. What it does publish is the arithmetic the agreement records: the shares from the contributions, the distributions from the profit and the capital a decision needs, worked free on this site from the members' own figures, and kept against the company by LLC Lane Pro when the members want the record.
Questions people ask about operating agreement llc ohio
Where do I find what Ohio requires an operating agreement to contain?
At the Ohio Secretary of State, Business Services, linked below, and from your attorney. This site publishes the arithmetic the agreement records and nothing about what the state requires the wording to say.
Can the members split ownership differently from their contributions?
Yes, if the agreement records the agreed split. The worksheet shows what the contributions alone imply, so a different split is a decision the members have seen rather than an accident in the blanks.
Does the worksheet store my Ohio company's figures?
The free worksheet stores nothing and needs no account; it works the figures on the page and prints them. LLC Lane Pro keeps every company, member and agreement against the record for the members who want the history.