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Nevada Multi-Member LLC Operating Agreement

A Nevada multi-member LLC operating agreement is a document that establishes the ownership structure and standard operating procedures for a limited liability corporation owned by more than one (1) member. (Members can be individuals or other corporations.) The agreement outlines such details as:

  • Where the company is located;
  • Who owns which interests;
  • What initial capital contributions were made;
  • How profits and losses will be allocated;
  • The powers and duties of members;
  • How accounting will be handled;
  • How membership can be transferred;
  • How the company can be dissolved;
  • and more.

Each member should keep a copy of the agreement on file.

Nevada Multi-Member LLC Operating Agreement