LLC Operating Agreement in California

California Requirements

• Operating agreement is required by statute but not filed with the state
• Articles of Organization must be filed with the Secretary of State
• Annual $800 minimum franchise tax applies regardless of income
• Statement of Information must be filed within 90 days and every two years
• California LLCs must designate an agent for service of process

How to Complete This Form

1. 1Determine the management structure of the LLC (member-managed or manager-managed).
2. 2Define each member's ownership percentage and capital contributions.
3. 3Outline how profits and losses will be allocated among members.
4. 4Establish voting rights, decision-making procedures, and meeting requirements.
5. 5Include provisions for adding or removing members and transferring membership interests.
6. 6Address dissolution procedures and what happens if a member leaves or passes away.
7. 7Have all members sign the agreement and retain copies with the company records.

LLC Operating Agreement in Other States

Other Forms in California