<aside> โœ๐Ÿผ 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.

Untitled

Please mark up the duplicated template based on the prompts. Once complete, please send back the duplicated template to [email protected].

โ˜Ž๏ธย If you have any questions, schedule a call with our Fractional Concierge

</aside>

๐Ÿ“œย Operating Agreement Summary & Points to Discuss


<aside> โš ๏ธ Highlighted areas are terms your group should discuss and confirm together. Based on your groupโ€™s 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: โœ…ย Group has confirmed the above [ x ]

Anything not answered will default to the standard operating agreement language.

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<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 1: DEFINITIONS

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 2: ORGANIZATIONAL MATTERS

<aside> โš ๏ธ ARTICLE 3: CAPITAL CONTRIBUTIONS; AUTHORIZATION AND ISSUANCE OF UNITS

<aside> โš ๏ธ ARTICLE 4: MEMBERS

<aside> โš ๏ธ ARTICLE 5: THE MANAGER

<aside> โš ๏ธ ARTICLE 6: MEMBER VOTING

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 7: ALLOCATIONS OF PROFITS AND LOSSES AND DISTRIBUTIONS

<aside> โš ๏ธ ARTICLE 8: TRANSFER AND ASSIGNMENT OF INTERESTS

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 9: RIGHT OF FIRST OFFER

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 10: ACCOUNTING, RECORDS, REPORTING BY MEMBERS

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 11: DISSOLUTION AND WINDING UP

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 12: INDEMNIFICATION AND INSURANCE

<aside> โš ๏ธ ARTICLE 13: DEFAULT

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 14: INVESTMENT REPRESENTATIONS

<aside> ๐Ÿ‘‰๐Ÿป ARTICLE 15: MISCELLANEOUS