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ROCKY MOUNTAIN STUDENT MEDIA CORPORATION Fiscal Years 20242026 OPERATING AGREEMENT THIS OPERATING AGREEMENT is made and entered into as of the 1st day of July, 2023 (the Agreement), by and between

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How to fill out this operating agreement is

01

Start by entering the name of the business and its main purpose.

02

Specify the ownership percentages of each member or partner.

03

Outline the responsibilities and duties of each member or partner.

04

Detail how major business decisions will be made and voting procedures.

05

Include clauses on profit and loss distribution, as well as how to handle disputes.

06

Ensure all members sign the agreement to make it legally binding.

Who needs this operating agreement is?

01

Any business with multiple owners or partners should have an operating agreement in place.

02

This agreement helps to establish clear guidelines for decision-making, profit distribution, and conflict resolution.

03

It is especially important for LLCs to have an operating agreement to protect the limited liability status of the business.

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What is this operating agreement is?

An operating agreement is a document that outlines how a limited liability company (LLC) will be managed.

Who is required to file this operating agreement is?

All members of an LLC are required to file the operating agreement.

How to fill out this operating agreement is?

The operating agreement can be filled out by including information about the LLC's management structure, member responsibilities, and decision-making processes.

What is the purpose of this operating agreement is?

The purpose of the operating agreement is to establish the rules and regulations for the LLC's operations and management.

What information must be reported on this operating agreement is?

The operating agreement must include details about the LLC's members, the distribution of profits and losses, and the decision-making process.

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