Utah LLC Operating Agreement

An Operating Agreement is an agreement between members (owners) of an LLC that outlines how the company will be managed. All LLCs should have an Operating Agreement–especially companies that have more than 1 owner.

Provisions Included in Operating Agreement:

• Name, Principal Place of Business
• Purpose & Powers of the Company
• Company Accounting
• Members, Capital Contributions & Loans
• Capital Accounts
• Allocation of Profits & Losses
•  Cash-flow & Distributions
• Administrative Provisions
• Compensation of Manager
• Death, Legal Incompetency, Financial Insolvency or Withdrawal of a Member
• Transfer of Company Interest
• Valuation of the Interest of a Deceased, Legally Incompetent or Financially Insolvent Member
• Payments to a Deceased, Legally Incompetent or Financially Insolvent Member
• Termination of the Company

Steps to Create Operating Agreement

1. Purchase the Assignment of Business Interests from www.weekes-law.com.
2. Login and through our online interview to prepare the Assignment.
3. Download, print and notarize the document.

After purchase you will have access to our online form that walks you through all the necessary questions to design the Assignment. After submission, you will receive an email with the document that are ready to print and notarize.