Operating Agreement -Template Document for new LLC

Purpose of This Operating Agreement

This Operating Agreement was designed to help outline the ownership, management, and operational structure of a company with Class A owners and Class B owners. The Class B ownership section was created with the intention of addressing investor participation, including potential ownership connected to a 401(k) or retirement-related investment structure.

Legal Disclosure

This Operating Agreement is a customizable template and is not legal advice. It was originally created for a specific ownership structure involving Class A owners and Class B owners, including a Class B investor structure related to a 401(k). Buyers should consult with a licensed attorney and tax professional before using this document for any legal, business, investment, retirement, or ownership purpose.