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COMPANY DETAILS.  \nThis Limited Liability Company Operating Agreement (“Agreement”), entered into on   (mm/dd/yyyy), is a: (check one)  \n☐ -Single-Member LLC , entered into by   , being the sole owner with a mailing address of    \n☐ -Multi-Member LLC , entered into by and between   (\\#) Members known as:  \nMember \\#1:   , with ownership of   % of the  \nCompany, and a mailing address of    \nMember \\#2:   , with ownership of   % of the  \nCompany, and a mailing address of    \nMember \\#3:   , with ownership of   % of the  \nCompany, and a mailing address of    \nMember \\#4:   , with ownership of   % of the  \nCompany, and a mailing address of  (the “Member” or “Members” or “Member(s)”)  \nWHEREAS the Member(s) desire to create a limited liability company under the laws of the State of Alabama and set forth the terms herein of the Company’s operation and the relationships of any and all Members.  \nNOW, THEREFORE, in consideration of the mutual covenants set forth herein and other valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the Member(s) and the Company agree as follows:  \n2. NAME AND PRINCIPAL PLACE OF BUSINESS.  \nThe name of the Company (the “Company”) shall be   , LLC with a principal place of business located at    or at any other such place of business that the Member(s) shall determine.  \n3. FORMATION.  \nThe Company was formed on   (mm/dd/yyyy) , when the Member(s) filed the Articles of Organization with the office of the Secretary of State pursuant to the statutes governing limited liability companies in the state of Alabama (the “Statutes”) .  \n4. MEMBER(S) CAPITAL CONTRIBUTIONS.  \na) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.  \nb) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:  \nMember \\#1:   , with a capital contribution of:  \n   .  \nMember \\#2:   , with a capital contribution of:  \n   .  \nMember \\#3:   , with a capital contribution of:  \n   .  \nMember \\#4:   , with a capital contribution of:  \n   .  \nMembers shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash, and Members shall not be entitled to interest on their capital contributions to the Company.  \nThe liability of any Members for the losses, debts, liabilities, and obligations of the Company shall be limited to the amount of the capital contribution of the Members plus any distributions paid to such Members, such Members' share of any undistributed assets of the Company , and (only to the extent as might be required by applicable law) any amounts previously distributed to such Members by the Company.  \n5. MANAGEMENT OF THE COMPANY.  \nThe Company's business and affairs shall be conducted and managed by the Member(s) in accordance with this Agreement and the laws of the state of Alabama.  \na) Single-Member (Applies ONLY if Single-Member): The Member of the Company has sole authority and power to act for or on behalf of the Company, to do any act that would be binding on the Company or incur any expenditures on behalf of the Company. The Member shall not be liable for the debts, obligations, or liabilities of the Company,  \nincluding under a judgment, decree, or order of a court. The Company is organized as a“member-managed” limite","cbCaioTnQWRF7RCa","https://ap.wps.com/l/cbCaioTnQWRF7RCa","pdf",1079558,"English","# Company Details\n# Name and Principal Place of Business\n# Formation\n# Member(s) Capital Contributions\n## Single-Member Capital Contributions\n## Multi-Member Capital Contributions\n# Management of the Company\n## Single-Member\n## Multi-Member\n# Distributions","[{\"question\":\"What is the purpose of the Alabama LLC operating agreement template?\",\"answer\":\"It documents the operating terms for an Alabama limited liability company, including Member relationships, management authority, capital contributions, distributions, and liability limits.\"},{\"question\":\"How do capital contributions work in a single-member LLC under this agreement?\",\"answer\":\"The single Member may make capital contributions in the amounts and timing the Member decides, with no obligation to contribute. The Member may take distributions subject to statutory limits.\"},{\"question\":\"How are major management decisions made for a multi-member LLC?\",\"answer\":\"Management and determinations are made by affirmative vote or consent of Members holding a majority of Members’ Percentage Interests, while major actions require prior written consent via unanimous vote or consent.\"}]","Alabama LLC Operating Agreement Template - Limited Liability Company Operating Agreement | PDF",1789595464]