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Utah Multi-Member LLC Operating Agreement

A Utah multi-member LLC operating agreement establishes how a limited liability corporation owned by multiple members will be owned and operated. The document contains such information as:

  • Where the company will be domiciled;
  • How ownership is established and transferred;
  • Who contributed what;
  • How profits and losses will be determined and allocated;
  • How financial affairs will be managed;
  • How the corporation will be dissolved, if it comes to that;
  • and more.

Each signatory should retain a signed and notarized copy of the agreement, which can be useful in case disputes arise.

Utah Multi-Member LLC Operating Agreement