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This is a form of a memorandum providing notice that the operator and nonoperators have entered into an Operating Agreement and states their respective working interests.
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What is memorandum of operating agreement

A memorandum of operating agreement is a document that outlines the management structure and operational procedures of a business entity, typically a limited liability company (LLC).

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Who needs memorandum of operating agreement?

Explore how professionals across industries use pdfFiller.
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Memorandum of operating agreement is needed by:
  • Business owners starting an LLC
  • Investors in an LLC
  • Members of an LLC
  • Legal advisors for LLCs
  • Accountants for LLCs

How to fill out the memorandum of operating agreement

  1. 1.
    Go to pdfFiller and log in to your account.
  2. 2.
    Click on 'Create New Document' to start a new memorandum of operating agreement.
  3. 3.
    Choose a template or upload an existing document you wish to modify.
  4. 4.
    Fill in the basic information such as the name of the LLC, its primary address, and the names of the LLC members.
  5. 5.
    Specify the management structure, including whether it’s member-managed or manager-managed, and list the responsible individuals.
  6. 6.
    In the operating terms section, outline the obligations, powers, and duties of each member or manager of the LLC.
  7. 7.
    Include provisions for profit sharing, decision-making processes, and procedures for handling disputes.
  8. 8.
    Review all information for accuracy and completeness before proceeding to the next step.
  9. 9.
    Once done, click 'Save' and then 'Download' or 'Print' to get a copy of your memorandum of operating agreement.
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