Legal Washington Operating Agreement Form

This Washington Operating Agreement, is tailored to meet the specific requirements of the State of Washington and references the Washington Limited Liability Company Act. An Operating Agreement is crucial for setting the financial and functional decisions of a business. This agreement outlines the daily operations as well as the responsibilities of its members. It is advised to consult with a legal professional before finalizing this document.

1. Company Information

1. Legal Name of the LLC: ___________________________________
2. Principal Place of Business: ___________________________________
3. Washington State UBI Number: ___________________________________
4. Effective Date of Agreement: ___________________________________

2. Members and Capital Contributions

1. Member Names and Addresses:
• Member 1: ___________________________________
• Member 2: ___________________________________ (Add more members as necessary)
2. Initial Capital Contributions:
• Member 1 Contribution: $___________________________________
• Member 2 Contribution: $___________________________________ (Adjust based on the number of members)

3. Management and Voting

1. Management Structure: ___________________________________ (Member-Managed or Manager-Managed)
2. Voting Rights:
• Member 1: ___________________________________
• Member 2: ___________________________________ (Specify the voting power, typically based on percentage of ownership)

4. Distributions

Profits and losses shall be allocated to the Members in proportion to their ownership interests in the LLC, as detailed in the following:

• Member 1: ___________________________________ %
• Member 2: ___________________________________ % (Add more members as necessary)

5. Member Changes and Withdrawal

Conditions under which a member may withdraw from the LLC and how their interest will be handled are as follows:

1. Withdrawal Conditions: ___________________________________
2. Handling of Withdrawn Member's Interest: ___________________________________

6. Dissolution

Terms under which the LLC may be dissolved and the process for winding up the business affairs are detailed below:

• Dissolution Events: ___________________________________
• Process for Winding Up: ___________________________________

7. Additional Provisions

Any additional terms or conditions agreed upon by the members can be noted here:

• ___________________________________
• ___________________________________ (Add more provisions as necessary)

This agreement is set forth this day, __________, 20__, and agreed upon by the following Members:

• Member 1: _____________ [Signature]
• Member 2: _____________ [Signature] (Add more member signatures as necessary)

This template is provided "as is" without any warranty of any kind. Users should conduct their own due diligence and, if necessary, consult with legal counsel familiar with their specific situation. While this document is designed to be comprehensive, the specifics of your situation or the latest legal updates may require modifications to this template.