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Defines company purpose, principal office, registered agent, and the process for admitting additional members requiring unanimous written consent. Covers initial and additional capital contributions, profit and loss allocations, annual or more frequent distributions, and limitations on return of capital. Includes indemnification provisions and outlines managers’ powers and duties, including majority-in-interest decision authority.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/georgia-multi-member-llc-operating-agreement-template/282797/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/georgia-multi-member-llc-operating-agreement-template/282797.png","ImageObject",442,249,{"name":88,"@type":89},"Cipher","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",10,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"How does the agreement define the LLC’s formation and effective date in Georgia?","Question",{"text":109,"@type":110},"It states that, effective on the specified date, the members form a Georgia LLC under the named company structure and the terms of the operating agreement, consistent with Georgia law.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What requirements apply to adding additional members?",{"text":114,"@type":110},"No additional members may be admitted by issuing a new interest without the prior unanimous written consent of the members, unless the agreement expressly provides otherwise.",{"name":116,"@type":107,"acceptedAnswer":117},"How are profits, losses, and distributions allocated?",{"text":118,"@type":110},"Net profits or net losses are allocated annually based on each member’s relative capital interest as set forth in the attached schedule. Available funds are distributed annually or more frequently, and liquidation distributions follow positive capital account balances under referenced federal tax regulations.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282797,1790148011,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":20,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":47,"preview_page_count":4},687208528416,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","MULTI-MEMBER OPERATING AGREEMENT  \nOF  \n  , LLC  \nA LIMITED LIABILITY COMPANY FORMED IN THE STATE OF GEORGIA  \nTHIS OPERATING AGREEMENT (the “Agreement”) is made and entered on   (mm/dd/yyyy) , by and among:  \n  (Member Full Name) ,  \n  (Member Full Name),  \n  (Member Full Name), and  \n  (Member Full Name),  \ncollectively referred to in this agreement as the \"Members.”  \n1. THE LIMITED LIABILITY COMPANY  \n1.1 Formation. Effective   (mm/dd/yyyy) , the Members form a Limited Liability Company under the name   , LLC (the \"Company\") on the terms and conditions in this Operating Agreement (the \"Agreement\") and pursuant to the laws of the State of Georgia (the \"Act\") . The Members agree to file with the appropriate agency within the State of Georgia charged with processing and maintaining such records all documentation required for the formation of the Company. The rights and obligations of the parties are as provided in the Act except as otherwise expressly provided in this Agreement.  \n1.2 Purpose. The purpose of the Company is to engage in any lawful act or activity for which a Limited Liability Company may be formed within the State of Georgia.  \n1.3 Office. The Company will maintain its principal business office within the State of Georgia atthe following address:    \n1.4 Registered Agent   (Full Name) is the Company's initial registered agent in the State of Georgia , and the registered office is  \n   .  \n1.5 Names and Addresses of Members. The Members' names and addresses are attached as Schedule 1 to this Agreement.  \n1.6 Admission of Additional Members. Except as otherwise expressly provided in this Agreement, no additional members may be admitted to the Company through issuance by the company of a new interest in the Company without the prior unanimous written consent of the Members.  \n2. CAPITAL CONTRIBUTIONS  \n2.1 Initial Contributions. The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.  \n2.2 Additional Contributions. No Member shall be obligated to make any additional contribution to the Company's capital without the prior unanimous written consent of the Members.  \n2.3 No Interest on Capital Contributions. Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent expressly provided in this Agreement.  \n3. ALLOCATION OF PROFITS AND LOSSES; DISTRIBUTIONS  \n3.1 Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.  \n3.2 Distributions. The Members shall determine and distribute available funds annually or atmore frequent intervals as they see fit. Available funds, as referred to herein, shall mean thenet cash of the Company available after appropriate provision for expenses and liabilities, as determined by the Managers. Distributions in liquidation of the Company or in liquidation of a Member's interest shall be made in accordance with the positive capital account balances pursuant to U.S. Department of the Treasury Regulation 1.704.1(b)(2)(ii)(b)(2) . To the extent a Member shall have a negative capital account balance, there shall be a qualified income offset, as set forth in U.S. Department of the Treasury Regulation 1.704. 1(b)(2)(ii)(d) .  \n3.3 No Right to Demand Return of Capital. No Member has any right to any return of capital or other distribution except as expressly provided in this Agreement. No Member has any drawing account in the Company.  \n4. INDEMNIFICATION  \n4.1 Indemnification. The Company shall indemnify any person who was or is a party defendant or is threatened to be made a party defendant, pending or completed action, suit or proceeding","cbCaihQbAOdp9kae","https://ap.wps.com/l/cbCaihQbAOdp9kae","pdf",1014926,"English","# THE LIMITED LIABILITY COMPANY\n## Formation\n## Purpose\n## Office\n## Registered Agent\n## Names and Addresses of Members\n## Admission of Additional Members\n# CAPITAL CONTRIBUTIONS\n## Initial Contributions\n## Additional Contributions\n## No Interest on Capital Contributions\n# ALLOCATION OF PROFITS AND LOSSES; DISTRIBUTIONS\n## Profits/Losses\n## Distributions\n## No Right to Demand Return of Capital\n# INDEMNIFICATION\n## Indemnification\n# POWERS AND DUTIES OF MANAGERS\n## Management of Company\n## Decisions by Members","[{\"question\":\"How does the agreement define the LLC’s formation and effective date in Georgia?\",\"answer\":\"It states that, effective on the specified date, the members form a Georgia LLC under the named company structure and the terms of the operating agreement, consistent with Georgia law.\"},{\"question\":\"What requirements apply to adding additional members?\",\"answer\":\"No additional members may be admitted by issuing a new interest without the prior unanimous written consent of the members, unless the agreement expressly provides otherwise.\"},{\"question\":\"How are profits, losses, and distributions allocated?\",\"answer\":\"Net profits or net losses are allocated annually based on each member’s relative capital interest as set forth in the attached schedule. Available funds are distributed annually or more frequently, and liquidation distributions follow positive capital account balances under referenced federal tax regulations.\"}]","Georgia Multi-Member LLC Operating Agreement Template | PDF",1789582639]