Format Operating Agreement- Texas LLC

The Texas LLC Operating Agreement Template is a fully editable .docx document that replicates the official structure of a Texas Business Organizations Code compliant operating agreement. It includes placeholders ([______ LLC], [Date], [Members], etc.) to quickly customize the company name, date of incorporation, and member and manager data, without the need to reformat headers and numbering.

Each article of the agreement is predefined and arranged to cover all key aspects of LLC governance:

1. Definitions (Article I): standard terms (Capital Account, Manager, Percentage Interest, etc.) already defined to avoid ambiguities.

2. Incorporation and domicile (Article II): legal name, date and place of formation, registered agent and duration of the company.

3. Membership and transfers (Article III): requirements for admission of new members, restrictions on transfers and procedure for substitutions.

4. Management and voting (Articles IV-V): powers of managers, meeting procedures, quorum, quorum of members and voting by percentage of interest.

5. Capital contributions, allocations and distributions (Articles VIII-IX): format for recording initial contributions, capital account accounting and rules for allocating profits and losses.

6. Indemnification and conflicts of interest (Articles VI and XII): protection clauses for members and managers, and policies for transactions with related parties.

7. Dissolution and liquidation (Article X): rules for winding up, order of payments to creditors, reserves and final distribution of assets.

The document is compatible with Microsoft Word and Google Docs, facilitates bulk bookmark search via “Find and Replace” and supports electronic or handwritten signatures. Thanks to its modular design, you can adapt each section to regulatory or structural changes without altering the overall format or page flow.