Easily update your LLC's operating agreement whenever necessary.
Over time, a business's needs can evolve and require changes to its underlying structure. Our form makes this process easy.
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Market conditions change quickly. Don't let structural inadequacies hold you back. Easily update your LLC's operating agreement today.
As you complete your LLC operating agreement addendum, 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.
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Use the information you collected to complete the LLC operating agreement addendum. 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.
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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.
From time to time, your LLC's fundamental structure as set out in your initial operating agreement will need to change. This LLC operating agreement addendum allows you to make those changes and update your LLC's operating agreement to accurately represent the organization's new operational structure. Since an addendum references the document it is changing, you should have your existing operating agreement and any previous addendums readily available to reference when completing this form.
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