As you complete your LLC operating agreement amendment, you will need to provide certain relevant information. This includes the date your original LLC operating agreement went into effect, the number of prior amendments made to your operating agreement, the names or numbers of the sections being amended, and the textual changes you wish to make. If you are adding or removing members or changing their ownership percentages or contributions, then you will need to include the names, ownership percentages, and contributions of all of the members now participating in the LLC.
Use the information you collected to complete the LLC operating agreement amendment. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers and the state selected. Click below to get started.
It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions. After completing the questionnaire, you can make textual changes to your document by downloading it in Microsoft Word. If no changes are needed, you can simply download the PDF version and sign. These downloads are available by navigating to the Documents section of your account dashboard.
Every LLC member and manager (if any) needs to review and sign a separate signature page in order to acknowledge that they understand and accept the changes. Each party should consult with an independent attorney or financial advisor if questions should arise. The LLC may also choose to require that each signature be notarized. However, there is no legal requirement for the signatures to be notarized. Distribute copies of the final executed document to all parties and include all signature pages.
The agreement allows the parties to sign and deliver it to one another electronically. This means that it is not necessary for the parties to sign a single printed agreement. Instead, they may choose to both sign the same electronic copy using electronic signatures, or they may sign separate electronic copies and email them to each other.
At a minimum, all parties that sign the document should receive a copy once it is fully executed (everyone has signed). Other interested parties may need or want copies as well. Be sure to store your copy in a safe location. It is a good idea to keep both a physical and electronic copy.
Completing additional documents will help protect the company and its owners from liability. For instance, an LLC membership admission agreement will help your LLC officially bring new members on board and ensure that the company fairly integrates the new members and their valuable contributions. Your LLC should also use resolutions at all important meetings to clearly and formally document the decisions being made. LLCs often need to show outside investors and potential partners the agreed resolutions.
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