Llc Operating Agreement Template – Canada

The LLC Operating Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. Each version is customizable and ready for printing, ensuring you can easily tailor it to your requirements.


Sample

Llc Operating Agreement Template – Canada

Editable – Printable



1. Parties to the Agreement





2. Formation of the LLC

3. Purpose of the LLC

4. Capital Contributions

5. Profits and Losses

6. Management of the LLC

7. Meetings and Voting

8. Withdrawal of a Member

9. Dissolution of the LLC

10. Amendment of the Agreement

11. Miscellaneous Provisions

12. Governing Law

13. Signatures and Acceptance




PDF


WORD

Examples


LLC Operating Agreement Template – Canada (1)
Between:
[Member’s Name]
[Member’s Address]
[Member’s Email]
And:
[Company Name]
[Company Registration Number]
[Company Address]
Introduction:
This LLC Operating Agreement (“Agreement”) outlines the management and operations of [Company Name], established under the laws of Canada, effective from [Start Date].
Article I: Formation
The Members hereby form a Limited Liability Company under the name of [Company Name] in accordance with the provisions of the Canada Business Corporations Act.
Article II: Purpose
The purpose of the LLC is to engage in [specific business activities] and to conduct any other lawful business permitted under Canadian law.
Article III: Management
The management of the LLC shall be vested in the Members. Each Member shall have the authority to manage and control the business.
Article IV: Member Contributions
Members shall contribute the following amounts: [Member’s Name] – [Contribution Amount], [Member’s Name] – [Contribution Amount].
Article V: Distributions
Distributions shall be made to the Members in proportion to their respective membership interests, at the discretion of the Members.
Article VI: Books and Records
The LLC shall maintain complete and accurate books and records of the Company’s business affairs, which shall be kept at the principal office of the LLC.
Article VII: Indemnification
The LLC shall indemnify the Members against any losses or liabilities incurred in the course of the LLC’s business, except for those arising from gross negligence or willful misconduct.
Article VIII: Amendments
This Agreement may be amended only by written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Member’s Signature]
[Member’s Name]
[Member’s Signature]
[Member’s Name]
LLC Operating Agreement Template – Canada (2)
Between:
[Member’s Name]
[Member’s Address]
[Member’s Email]
And:
[Company Name]
[Company Registration Number]
[Company Address]
Introduction:
This Operating Agreement outlines the foundational structure and operational guidelines for [Company Name], effective as of [Start Date].
Article I: Name
The name of this Limited Liability Company shall be [Company Name].
Article II: Office
The principal office of the LLC shall be located at [Office Address].
Article III: Purpose
The LLC is organized for [detailed description of business objectives] and any other lawful purpose as allowed by Canadian law.
Article IV: Membership Interest
Each Member’s ownership interest in the LLC shall be reflected as follows: [Member’s Name] – [Percentage]% ownership, [Member’s Name] – [Percentage]% ownership.
Article V: Voting Rights
Each Member shall have voting rights proportional to their ownership percentage in the LLC.
Article VI: Meetings
The Members shall hold annual meetings, and special meetings may be called as needed.
Article VII: Dissolution
The LLC may be dissolved by a unanimous vote of the Members or as mandated by law.
Signed in [City], [Date].
Sincerely,
[Member’s Signature]
[Member’s Name]
[Member’s Signature]
[Member’s Name]

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Llc Operating Agreement Template - Canada