LLC Operating Agreement (Multi-Member, Manager-Managed)
This attorney-drafted Operating Agreement is designed for California LLCs with more than one owner and a designated manager who runs the business on behalf of the members.
The agreement clearly defines management authority, member approval rights, ownership structure, profit distributions, and transfer restrictions; providing a strong legal foundation for day-to-day operations, financing, and future growth.
Written in plain, business-friendly language while remaining legally robust, this template is suitable for closely held businesses that want professional governance without unnecessary complexity.
This document complies with the California Revised Uniform Limited Liability Company Act (RULLCA).
File Format: Microsoft Word (.docx)
Last Updated: June 2025
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LLC Operating Agreement (Multi-Member, Manager-Managed)
This template is provided for informational purposes only and does not constitute legal advice. Consult a licensed attorney for guidance specific to your business.
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