The arithmetic in a Oregon LLC operating agreement is small, and it is where most home-drafted agreements disagree with themselves: an ownership clause that does not follow from the contributions, a distribution clause that ignores the reserve, a voting threshold nobody translated into names. This page works those figures for a coffee roastery in Oregon owned by a roaster, a wholesale seller and a family investor, so the members' $80,000 of capital, their profit and their chosen thresholds come out as shares, distributions and a vote that agree with each other. The free worksheet on this site does the same from your own figures with no account. What the state requires the agreement to say, and what it charges, are the filing office's and your attorney's; this page publishes neither.
A decision threshold, turned into the members it takes
For a coffee roastery in Oregon, formed by a roaster, a wholesale seller and a family investor, the clause that says what needs a supermajority is written as a percentage, and the worksheet makes it concrete: 80% of $80,000 is $64,000 of capital that must vote yes. Read against shares of 50.0%, 18.8% and 31.2%, that names which members can carry a decision and which cannot block one. The threshold in a Oregon agreement is the members' own; this page publishes no rule about where it should sit.
Who is in the Oregon company, and what they put in
The members of a Oregon LLC and their contributions are the first thing the agreement records and the figure every other clause depends on. On this page's example the three members put in $40,000, $15,000 and $25,000, a total of $80,000, and the worksheet returns shares of 50.0%, 18.8% and 31.2%. Members can agree a different split; if they do, the agreement records the agreed one and the worksheet works everything downstream from it.
Profit, reserve and distribution, worked in that order
Distributions are not profit: the company keeps a reserve first, and the members split the remainder by share. The example keeps 20% of $100,000, leaving $80,000 to distribute, of which the largest member is owed $40,000. A Oregon owner entering their own profit and reserve gets their own figures on the page, with nothing stored and no account; the paid plan is only for keeping the record year on year.
Where a Oregon agreement's rules live, and where its numbers do
Whether Oregon requires a written operating agreement, what it must contain and what the state charges to form or maintain the company are questions for the Oregon Secretary of State, Corporation Division, 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 oregon
Where do I find what Oregon requires an operating agreement to contain?
At the Oregon Secretary of State, Corporation Division, 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 Oregon 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.