[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-165605-en":3,"doc-seo-165605-105":31,"detail-sidebar-cat-1-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":11,"category_id":12,"category_name":13,"doc_title":14,"doc_description":15,"doc_content":16,"file_id":17,"file_url":18,"file_type":19,"file_size":20,"view_count":21,"is_deleted":4,"is_public":11,"is_downloadable":11,"audit_status":11,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":15,"update_tm":29,"read_time":30},165605,1099523882367,"Jordan Avery","https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc",1,17,"Forms","Operating Agreement - An Oklahoma Limited Liability Company","Operating agreement template for an Oklahoma limited liability company, covering organization, formation, company name, registered agent and principal office, and the agreement’s term through dissolution and liquidation. Defines key terms under the Oklahoma LLC Act, establishes capital contributions, capital accounts, loans, and allocations and distributions of income, gain, loss, and special allocations. Details member or manager management, member rights and obligations, books and records, tax matters, transfers and right of first refusal, admission and expulsion, dissolution procedures, and dispute resolution through mediation and arbitration, including general provisions such as notices, amendments, and applicable law.","OPERATING AGREEMENT\nof\n[NAME]\nAn Oklahoma Limited Liability Company\nDated [Month/day], 2011\nTABLE OF CONTENTS\nPage\nArticle 1 - Organizational Matters\n1.1\tFormation\t1\n1.2\tName\t1\n1.3\tAgent and Principal Office\t1\n1.4\tTerm\t1\nArticle 2 - Definitions\n2.1\tDefinitions\t1\nArticle 3 - Capital Contributions\n3.1\tInitial Contributions\t2\n3.2\tAdditional Capital Contributions\t3\n3.3\tReturn of Capital Contributions\t3\n3.4\tCapital Accounts\t3\n3.5\tLoans\t4\nArticle 4 - Allocations and Distributions\n4.1\tDistributions\t5\n4.2\tAllocation of Income, Gain and Losses\t5\n4.3\tSpecial Allocations\t6\n4.4\tSection 754 Election\t6\n[4.5\tSection 83 Election\t6]\nArticle 5 - Management and Operation of Business\n5.1\tManagement by Members\t6\n5.2\tLimitations on Authority of Members\t6\n5.3\tOutside Activities\t7\n5.4\tLimitation on Liability\t7\n[or if managed by Managers]\n5.1\tThe Managers\t7\n5.2\tLimitations on Authority\t7\n5.3\tNumber, Term and Qualifications\t8\n5.4\tStandard of Care; Limitation on Liability\t8\n5.5\tManner of Acting\t8\n5.6\tResignation\t8\nTime Devoted To Business\n5.8\tCompeting Interests; Related Transactions\t9\nArticle 6 - Rights and Obligations of the Members\n6.1\tLimitation on Liability\t9\n6.2\tRights of Member Relating to the Company\t10\n6.3\tRestrictions on Powers\t10\n6.4\tIndemnification\t10\nArticle 7 - Books, Records, Accounting and Reports\n7.1\tBooks and Records\t12\n7.2\tAccounting\t12\nArticle 8 - Tax Matters\n8.1\tTaxable Year\t12\n8.2\tTax Matters Partner\t12\n8.3\tTaxation as a Partnership\t12\nArticle 9 – Transfers, Right of First Refusal and Repurchases\n9.1\tTransfers of Membership Rights\t13\n9.2\tSubstitution of a Member\t13\n9.3\tRight of First Refusal\t13\n9.4\tRepurchase of a Dissociated Member’s Membership Rights\t14\nArticle 10 - Admission and Expulsion of Members\n10.1\tAdmission of Additional Members\t15\n10.2\tExpulsion of Members\t15\nArticle 11 - Dissolution and Liquidation\n11.1\tEvents of Dissolution\t15\n11.2\tMethod of Winding Up\t16\n11.3\tFiling Articles of Dissolution\t16\n11.4\tReturn of Capital\t16\nArticle 12 - Action By Members; Meetings; Consents\n12.1\tAction by Members\t16\n12.2\tMeetings\t16\n12.3\tAdjournment\t16\n12.4\tWaiver of Notice; Consent to Meeting\t16\n12.5\tQuorum\t17\n12.6\tAction without a Meeting\t17\nArticle 13 – Investment Representations\n13.1\tInvestment Purpose\t17\n13.2\tInvestment Restriction\t17\nArticle 14 – Mediation and Arbitration\n14.1\tResolutions of Controversies and Claims\t18\n14.2\tMediation\t18\n14.3\tArbitration\t18\n14.4\tConfidentiality\t18\n14.5\tLimitations on Actions\t18\n14.6\tCovered Parties\t18\n14.7\tDeadlock\t18\n14.8\tSeverability\t18\nArticle 15 - General Provisions\n15.1\tNotices\t18\n15.2\tAmendments\t20\n15.3\tMergers, Consolidations, Conversions and Asset Sales\t20\n15.4\tOther Terms; Headings; Interpretations\t20\n15.5\tFurther Actions\t20\n15.6\tBinding Effect\t20\n15.7\tIntegration\t20\n15.8\tWaiver\t20\n15.9\tCounterparts\t20\n15.10\tApplicable Law\t21\n15.11\tInvalidity of Provisions\t21\nOPERATING AGREEMENT\nof\n[NAME]\nThe Members listed on Exhibit A and the Company enter into this Operating Agreement as of [Month/day], 2011, to be effective upon filing of the Articles of Organization with the Oklahoma Secretary of State.  The terms of the Agreement are as follows.\nARTICLE 1\nOrganizational Matters\n1.1.  Formation.  The Company has been or shall be formed as a limited liability company under the Act by the filing with the Secretary of State of the State of Oklahoma of Articles of Organization, which are furnished to each Member.\n1.2.  Name.  The name of the Company is “[Name]”.\n1.3.   Agent and Principal Office.  The agent and principal office of the Company are as stated in the Articles of Organization, subject to change by the [Members] [Managers] on filing with the Secretary of State.  The Company may also maintain offices at such other place or places as the [Members] [Managers] deem advisable.\n1.4.  Term.  This Agreement commences upon the filing of the Company’s Articles of Organization with the Oklahoma Secretary of State, and continues through the dissolution and liquidation of the Company; provided that the provisio","cbCaigG5co1BSJt1","https://ap.wps.com/l/cbCaigG5co1BSJt1","docx",66776,2,33,"English","en",105,"# ARTICLE 1 - Organizational Matters\n## Formation\n## Name\n## Agent and Principal Office\n## Term\n# ARTICLE 2 - Definitions\n## Definitions\n# ARTICLE 3 - Capital Contributions\n## Initial Contributions\n## Additional Capital Contributions\n## Return of Capital Contributions\n## Capital Accounts\n## Loans\n# ARTICLE 4 - Allocations and Distributions\n## Distributions\n## Allocation of Income, Gain and Losses\n## Special Allocations\n## Section 754 Election\n# ARTICLE 5 - Management and Operation of Business\n## Management by Members / The Managers\n## Limitations on Authority\n## Outside Activities\n## Limitation on Liability\n# ARTICLE 6 - Rights and Obligations of the Members\n## Limitation on Liability\n## Rights of Member Relating to the Company\n## Restrictions on Powers\n## Indemnification\n# ARTICLE 7 - Books, Records, Accounting and Reports\n## Books and Records\n## Accounting","[{\"question\":\"What does the operating agreement template cover for an Oklahoma LLC’s formation and term?\",\"answer\":\"It specifies formation under the Oklahoma LLC Act, the company name, agent and principal office, and how the agreement starts upon filing and continues through dissolution and liquidation.\"},{\"question\":\"How does the agreement handle capital contributions and related financial accounts?\",\"answer\":\"It covers initial and additional capital contributions, return of contributions, capital accounts, and loans.\"},{\"question\":\"How are profits and losses allocated and distributions made?\",\"answer\":\"It sets rules for distributions and allocation of income, gain, and losses, including provisions for special allocations and elections such as Section 754.\"}]","Operating Agreement - 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