Operating Agreement Form 2

Personal Details

First name

Last name

Phone

MEETINGS & VOTING

What will be the frequency of the meetings?

Wwhat will be the specific day or timeframe for the meetings?

What will be the minimum number of members required to constitute a quorum?

For which matters will a vote be necessary, and what specific voting requirements or thresholds will be applied?

PROFIT DISTRIBUTION & COMPENSATION

How will profits and losses be distributed among the members?

Are there any preferred or priority distributions, If so let us know below.

Will members receive compensation for their work or services, if so specify below.

DECISION DEADLOCKS & DISPUTES

How will decision deadlocks be resolved if the members cannot reach an agreement? Please specify below.

Is there a process for mediating or resolving disputes among the members? Let us know below.

Are there any provisions for buyouts or dissolution in case of irreconcilable conflicts? Let us know below.

TRANSFER OF MEMBERSHIP INTERESTS

Are there any restrictions or conditions on transfers? If so, let us know below. If not specify that there are no restrictions below.

Is there a right of first refusal for existing members to purchase the interests? Please specify below.

DISSOLUTION AND TERMINATION

What circumstances would lead to the dissolution or termination of the business?

How will the business's debts, liabilities, and remaining assets be handled?

Are there any provisions for the distribution of assets upon dissolution?

Is there any additional information you would like to include or share regarding your operating agreement?

I agree to the terms & conditions

I hereby grant my consent and authorization to EMD Consortia, allowing them to utilize all necessary tools and information in a professional manner for the purpose of creating the operating agreement

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