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The agreement sets rules for name and principal place of business, capital contributions, and limits members’ liability to their contributed capital and related distributions or undistributed assets. 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Company Details  \nThis Limited Liability Company Operating Agreement (“Agreement”), entered into on   , 20  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 Company, and a mailing address of    \nMember \\#2:   , with ownership of   % of the Company, and a mailing address of    \nMember \\#3:   , with ownership of   % of the Company, and a mailing address of    \nMember \\#4:   , with ownership of   % of the Company, and a mailing address of    \n(“Member(s)”)  \nWHEREAS the Member(s) desire to create a limited liability company under the laws of the State of Indiana (“State of Formation”) and set forth the terms herein of the Company’s operation and the relationship any and all Member(s) .  \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 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   , 20  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 Formation (the “Statutes”) .  \n4. Member(s) Capital Contributions  \na.) Single Member Capital Contributions (Applies ONLY if Single-Member): The Member(s) may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member(s) shall determine. The Member(s) shall not be obligated to make any Capital Contributions. The Member(s) 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 Member(s) 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:     .  \nMember \\#2:   , with a capital contribution of:     .  \nMember \\#3:   , with a capital contribution of:     .  \nMember \\#4:   , with a capital contribution of:     .  \nMember(s) 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. Member(s) shall have no right to demand and receive any distribution from the Company in any form other than cash, and Member(s) shall not be entitled to interest on their capital contributions to the Company.  \nThe liability of any Member(s) for the losses, debts, liabilities, and obligations of the Company shall be limited to the amount of the capital contribution of the Member(s) plus any distributions paid to such Member(s), such Member(s)'s 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 Member(s) 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 the Formation.  \na.) Single-Member (Applies ONLY if Single-Member): The Member(s) 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(s) shall not be liable for the debts, obligations, or liabilities of the  \nCompany, including under a judgment, decree, or order of a court. The Company is organized as a","cbCaio8TWAonNAMV","https://ap.wps.com/l/cbCaio8TWAonNAMV","pdf",232578,"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 Management\n## Multi-Member Management\n# Distributions","[{\"question\":\"Is this operating agreement for a single-member or multi-member LLC?\",\"answer\":\"It supports both structures. It includes separate provisions for single-member authority and multi-member decision-making and voting.\"},{\"question\":\"What does the agreement cover regarding capital contributions and member liability?\",\"answer\":\"It explains how capital contributions may be made, whether additional contributions are required, and limits member liability to contributed capital plus related distributions and shares of undistributed assets.\"},{\"question\":\"How are management decisions made for a multi-member LLC?\",\"answer\":\"Multi-member decisions are made by affirmative vote or consent of members holding a majority of members’ percentage interests, with certain major actions requiring unanimous consent.\"}]","Indiana LLC Limited Liability Company Operating Agreement Template - Single or Multi Member | PDF",1789583898]