Sole Member Llc Operating Agreement Texas

But please, do yourself a favor and don`t pay a lot of money for an LLC enterprise agreement with a single member. An example of an LLC company agreement in Texas is a legal document used by business units to describe the company`s policies and procedures as well as all other aspects of the operation of the business.3 min read 2) Does the profit-making in the company agreement have to match the ownership shares? With 3 partners, 2 are more active in everyday life and the other is rather a silent partner. Can 2 of us take the first X amount of profit to cover our cost of living, and everything that comes after will be shared by 1/3? (b) The liquidating agent is free to decide whether to liquidate all or part of the assets and ownership of the business and the consideration to be received for such ownership. A capital La Contribution is simply a single member who pays money into the LLC bank account….