California Multi-Member LLC Operating Agreement Template

This is a basic operating agreement — perfect for businesses that want a clean, efficient structure without unnecessary complexity. Ideal for startups, family businesses, partnerships, and professional practices looking to document their internal rules quickly and professionally.

What’s Included:

✔ Member and Manager Information – Fillable sections for listing multiple members, ownership percentages, and management structure (member-managed or manager-managed).
✔ Capital Contributions – Document each member’s initial investment and options for future contributions.
✔ Profit and Loss Allocations – Clear terms for how profits and losses are divided among members.
✔ Voting and Decision-Making Rules – Easy-to-follow procedures for multi-member voting and meetings.
✔ Transfer and Sale Restrictions – Standard right of first refusal to protect the ownership group.
✔ Dissolution Procedures – Simple guidelines for winding up the LLC if necessary.
✔ Governing Law Clause – California-specific legal compliance.

Why You Need This Template:

✅ Made for Multi-Member LLCs – Specifically structured for companies with two or more owners.
✅ Keep It Simple – Essential protections and structure without overwhelming complexity.
✅ Ensure Legal Protection – Helps shield members from personal liability and comply with California law.
✅ Easy to Customize – Provided in Word format for quick edits to fit your business.

📥 Instant Download – Fully Editable & Ready to Use
Start your business partnership the right way—Download your California Multi-Member LLC Operating Agreement Template today from BizBasics!