Equity & Fundraising

Operating Agreement (California, Single-Member, Member-Managed)

The operating agreement for a California LLC with one owner, drafted against RULLCA. Sets out management, capital, taxes and dissolution, keeps the separateness covenants that protect the liability shield, and names someone to run the company if you cannot. Includes a spousal consent for California community property, which comes out if you are single.

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COVERS: OPERATING AGREEMENT
OF
A California Limited Liability Company
1. THE COMPANY
and 19 more sections

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OPERATING AGREEMENT

OF

[Company Name]

A California Limited Liability Company

This Operating Agreement (this "Agreement") of [Company Name], a California limited liability company (the "Company"), is made effective as of [Effective Date] (the "Effective Date") by [Member Name], the sole member of the Company (the "Member").

The Company was formed on [Formation Date] by filing Articles of Organization with the California Secretary of State under the California Revised Uniform Limited Liability Company Act, Cal. Corp. Code §§ 17701.01 et seq., as amended ("RULLCA").

The Member is the only member of the Company and adopts this Agreement to govern the Company's membership, management, and affairs.

1. The Company

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