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LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF, LLC PURSUANT TO 63.057FORMED IN THE STATE OF OREGON This Agreement, entered into on, 20, is a (Check One) SINGLEMEMBER LLC OPERATING AGREEMENT, entered

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How to fill out oregon llc operating agreement

01

Step 1: Begin by stating the name of the Oregon LLC and its principal place of business.

02

Step 2: Specify the purpose and nature of the LLC's business activities.

03

Step 3: Outline the members' ownership interests and the capital contributions made by each member.

04

Step 4: Discuss how profits, losses, and distributions will be allocated among the members.

05

Step 5: Define the management structure of the LLC, including whether it will be member-managed or manager-managed.

06

Step 6: Determine the powers and responsibilities of the manager, if applicable.

07

Step 7: Address the procedures for admitting new members or transferring ownership interests.

08

Step 8: Establish the process for resolving disputes among the members.

09

Step 9: Specify the duration of the LLC, whether it will be perpetual or have a specific end date.

10

Step 10: Include any additional provisions or restrictions as desired, such as non-compete clauses or confidentiality agreements.

11

Step 11: Have all members review and sign the operating agreement to make it legally binding.

Who needs oregon llc operating agreement?

01

Any individual or group intending to form a limited liability company (LLC) in Oregon needs an LLC operating agreement.

02

This agreement ensures that the LLC's members understand their rights, responsibilities, and obligations

03

It outlines the management structure, ownership interests, and how important decisions will be made within the company.

04

Additionally, having an operating agreement can help protect the limited liability status of the LLC by demonstrating that it operates as a separate legal entity and not simply an extension of its members' personal affairs.

05

Therefore, anyone forming an Oregon LLC should have an operating agreement in place.

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