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. statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#D statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#E statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#F statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.052 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.053 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.054 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.055 A capital La Contribution is simply a single member who pays money into the LLC bank account….