Multi member LLC operating agreement template

This is a multi member LLC operating agreement template worksheet for a company with up to four members. Each member's capital over the total is their share; the year's profit by share is each member's distribution, shown for the largest and the smallest holder; and your threshold for an ordinary decision, as a share of ownership, is turned into the capital that must vote yes. 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.

Four members, four shares from four contributions

$40,000, $30,000, $20,000 and $10,000 of capital is 40%, 30%, 20% and 10% of the company. The worksheet returns the largest and the smallest share and the total, so the ownership schedule in the template agrees with the contribution schedule; the middle two follow from the same division. A different agreed split is the agreement's to record.

Distributions at the top and the bottom of the table

Profit by share is each member's distribution, and the worksheet shows the largest and the smallest: $48,000 and $12,000 on $120,000. Between them is the table the profit clause produces, and the difference between them is what the smallest member agreed to when they put in a tenth of the capital.

An ordinary decision as capital that must say yes

An ordinary-decision clause names a share of ownership; the worksheet turns 51% of $100,000 into $51,000 of capital that must vote yes, which with shares of 40, 30, 20 and 10 means at least two members and never one. The threshold is yours; the worksheet publishes no rule about it.