Operating agreement LLC

This is an operating agreement worksheet that works the numbers the agreement records, for a company with up to three members. Each member's capital contribution over the total is their ownership share; the year's profit by share is each member's distribution; and your threshold for a major 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.

Shares from capital, the number every clause reads

Ownership in most operating agreements follows contribution: $50,000 of $100,000 is 50%. The worksheet takes each member's capital and returns each share, so the ownership schedule is worked from the contribution schedule rather than typed in beside it. Members can agree a different split; the agreement records whichever they chose.

Distributions by share, on the profit you enter

Profit by share is the distribution each member is owed under a by-ownership split: $60,000 of $120,000 to the 50% member. The worksheet shows the first member's figure and the shares from which the others follow; whether distributions are made, and when, is the members' decision under the agreement.

A major decision as the capital that must say yes

A major-decision clause names a share of ownership, and the worksheet turns it into capital: 67% of $100,000 is $67,000 that must vote yes, which with shares of 50, 30 and 20 means two particular members. The threshold is yours; the worksheet publishes no rule about what it should be.