[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-178231-105":53,"doc-detail-178231-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","joint-venture-operating-agreement-sample","Joint Venture Operating Agreement - Sample","","Sample joint venture operating agreement template setting out the formation and operating framework for a limited liability company created by a developer partner and a house of worship. Defines the LLC’s approved business purposes, restrictions on engaging in other activities, affiliate contracting limitations, debt and liability payment rules, and required separate books, records, accounts, and annual financial statements. Includes separateness covenants for maintaining independent identity, tax filings, and prohibitions on commingling assets, funds, or liabilities.",{"@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/joint-venture-operating-agreement-sample/178231/",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/joint-venture-operating-agreement-sample/178231.png","ImageObject",442,249,{"name":88,"@type":89},"Riley","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-22","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of the LLC under this operating venture agreement template?","Question",{"text":109,"@type":110},"The LLC is formed to acquire, own, develop, operate, lease, manage, mortgage, transfer, and otherwise deal with real estate to generate income and profit, along with exercising powers under applicable limited liability company law.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Are the LLC’s business activities limited under the agreement?",{"text":114,"@type":110},"Yes. The LLC must not engage in any business other than its stated purpose unless a manager expressly approves other business in writing.",{"name":116,"@type":107,"acceptedAnswer":117},"How does the agreement require maintaining separation from other entities?",{"text":118,"@type":110},"The LLC must keep separate books, financial records, and bank accounts, file its own tax returns, hold itself out as distinct, use separate stationery and invoices, and avoid commingling assets, funds, or liabilities with any other person.","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},178231,1790709145,{"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":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},1374391975076,"https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051","SAMPLE JOINT VENTURE AGREEMENT\nOPERATING AGREEMENT\nOF\n[______________________],\na [STATE] Limited Liability Company\nTHIS OPERATING VENTURE AGREEMENT OF [___________] (this “Agreement”) is made effective as of [_____], [YEAR] and executed on the [__]day of [MONTH], [YEAR], by and between [DEVELOPER PARTNER, INC.], a [State] corporation (“Developer”) and [House of Worship], a [State] limited liability company (“HOW”), who are the initial and founding Members of [_______________], a [State] limited liability company (hereinafter referred to as the “LLC”). Developer and HOW hereinafter collectively shall be referred to as the “Members” or “parties” and individually as a “Member” or a “party”.  The terms “Member” and “Members” shall include in their meaning the definition of a “member” set forth in Section 4A-101(m) of the Act (as hereinafter defined).\nW I T N E S S E T H\nWHEREAS, the Members caused a limited liability company to be formed under and pursuant to the laws of the State of [State] for the purposes set forth below and for such other purposes and businesses as may be incident to the purposes set forth below or mutually agreed upon by the Members from time to time.\nNOW, THEREFORE, the Members hereby agree and covenant as follows:\nFormation: Name.  The Members have consented to and have caused a limited liability company to be organized under the name of “[_____]” and under and pursuant to the laws of the State of [State] pursuant to the Articles of Organization filed with the Secretary of State for [State] on [_________] for the purposes set forth below.\nPurposes of the LLC.\nThe purposes for which the LLC was formed are: (a) to, directly or indirectly, acquire, own, develop, hold, lease, improve, operate, rent, manage, mortgage, pledge, transfer, sell and otherwise deal with certain parcels of real estate (including the ownership of interests in, and the administration and management of, entities and ventures that acquire, own, develop, hold, lease, improve, operate, rent, manage, mortgage, pledge, transfer, sell and otherwise deal with real estate) for the production of income and profit; (b) to have and exercise all powers now or hereafter conferred by the laws of the State of [State] on limited liability companies formed pursuant to the Act; and (c) to do any and all things necessary, convenient or incidental to the achievement of the foregoing.  The LLC shall not engage in any other business unless expressly approved by Manager in writing.\nThe LLC shall have all the powers of an individual to do all things necessary or convenient to carry out its business and affairs, including, without limitation, those powers enumerated in the Act.\nLLC Requirements.\nNotwithstanding anything in this Operating Agreement or in the Articles to the contrary, during the term of this Operating Agreement:\n(i)\tThe LLC shall not engage in any business other than the LLC purpose.\nExcept as expressly provided herein, the LLC shall not enter into any contract or agreement with any Affiliate of the LLC, any constituent party of the LLC, or any Affiliate of any constituent party, except upon terms and conditions that are intrinsically fair and substantially similar to those that would be available on an arm’s length basis with third parties other than any such party.\nThe LLC shall pay its debts and liabilities from its own assets as the same shall become due.  No Member or Affiliate shall pay any debts or liabilities on behalf of the LLC, except as expressly provided in this Agreement.\nThe LLC shall maintain in the principal business office of the LLC as described in Section 5(a), accurate books, financial records and bank accounts using the accrual method of accounting that are separate and distinct from the books, financial records and bank accounts of any other Person including any Affiliate.\nThe LLC shall maintain separate annual financial statements prepared in accordance with generally accepted accounting principles, consistently applied, sh","cbCainubMIzVbqGg","https://ap.wps.com/l/cbCainubMIzVbqGg","docx",76792,37,"English","# Formation\n## Name and organization\n# Purposes of the LLC\n## Real estate and authorized powers\n# LLC Requirements\n## Business limitations and affiliate contracts\n## Debts, records, accounting, and taxes\n## Separate identity and non-commingling","[{\"question\":\"What is the purpose of the LLC under this operating venture agreement template?\",\"answer\":\"The LLC is formed to acquire, own, develop, operate, lease, manage, mortgage, transfer, and otherwise deal with real estate to generate income and profit, along with exercising powers under applicable limited liability company law.\"},{\"question\":\"Are the LLC’s business activities limited under the agreement?\",\"answer\":\"Yes. The LLC must not engage in any business other than its stated purpose unless a manager expressly approves other business in writing.\"},{\"question\":\"How does the agreement require maintaining separation from other entities?\",\"answer\":\"The LLC must keep separate books, financial records, and bank accounts, file its own tax returns, hold itself out as distinct, use separate stationery and invoices, and avoid commingling assets, funds, or liabilities with any other person.\"}]","Joint Venture Operating Agreement - Sample | DOCX",1788330887,13]