Manager-managed LLC operating agreement

This is a manager-managed LLC operating agreement worksheet that works the management clauses as numbers. Managers times their pay is the annual cost of management; over the members it is the cost each carries; the spending limit times the managers is what they may commit together without a vote; and your threshold for removing a manager, as a share of ownership, is turned into the capital that must vote and, at equal shares, the members that is. Every figure is yours; the worksheet publishes no clause text and no rule. Free, on the page, no account; the paid plan saves every worksheet against the company and the agreement.

The managers' cost, and each member's share of it

Two managers at $60,000 is $120,000 a year, and across five members it is $24,000 each, which is the figure a member weighs against running the company themselves. The worksheet shows both; whether the pay is a salary, a guaranteed payment or a share of profit is a clause for your attorney.

Unvoted authority: the limit times the managers

A manager-managed agreement lets managers act without a vote up to a limit, and two managers with a $10,000 limit each can commit $20,000 between them before any member is asked. The worksheet shows the combined figure so the members set the limit knowing what it adds up to.

Removal, as capital and as members

A removal clause names a share of ownership; at 60% of $200,000 of capital that is $120,000 that must vote, and at five equal shares it is three members. Written as a count the clause can be used on the day; the paid plan keeps the managers, the members and the threshold against the company.