<aside> โ๐ผ Open full Notion document here, and click Duplicate on the top right. You will be required to create a Notion account in order to do this.
Please mark up the duplicated template based on the prompts. Once complete, please send back the duplicated template to [email protected].
โ๏ธย If you have any questions, schedule a call with our Fractional Concierge
</aside>
<aside> โ ๏ธ Highlighted areas are terms your group should discuss and confirm together. Based on your groupโs answers, the Operating Agreement drafted will reflect any alterations or changes.
Please mark up all answers and changes in red.
****Please confirm term statements in each section with an [ x ] like below: โ ย Group has confirmed the above [ x ]
Anything not answered will default to the standard operating agreement language.
</aside>
<aside> ๐๐ป ARTICLE 1: DEFINITIONS
<aside> ๐๐ป ARTICLE 2: ORGANIZATIONAL MATTERS
<aside> โ ๏ธ ARTICLE 3: CAPITAL CONTRIBUTIONS; AUTHORIZATION AND ISSUANCE OF UNITS
<aside> โ ๏ธ ARTICLE 4: MEMBERS
<aside> โ ๏ธ ARTICLE 5: THE MANAGER
<aside> โ ๏ธ ARTICLE 6: MEMBER VOTING
<aside> ๐๐ป ARTICLE 7: ALLOCATIONS OF PROFITS AND LOSSES AND DISTRIBUTIONS
<aside> โ ๏ธ ARTICLE 8: TRANSFER AND ASSIGNMENT OF INTERESTS
<aside> ๐๐ป ARTICLE 9: RIGHT OF FIRST OFFER
<aside> ๐๐ป ARTICLE 10: ACCOUNTING, RECORDS, REPORTING BY MEMBERS
<aside> ๐๐ป ARTICLE 11: DISSOLUTION AND WINDING UP
<aside> ๐๐ป ARTICLE 12: INDEMNIFICATION AND INSURANCE
<aside> โ ๏ธ ARTICLE 13: DEFAULT
<aside> ๐๐ป ARTICLE 14: INVESTMENT REPRESENTATIONS
<aside> ๐๐ป ARTICLE 15: MISCELLANEOUS