Practical Law
LLC agreements at your fingertips
Setting your client up for success
Limited liability companies (LLCs) gain in popularity every year. They offer flexibility for many clients who are forming entities, combining the liability protection of a corporation with the tax benefits of a partnership.
Practical Law gives you access to comprehensive LLC agreements, with informative notes to guide you at every stage of drafting and negotiation.
Practical Law comprehensive LLC agreements
LLC Agreement
Multi-member, manager-managed
A long-form US LLC agreement to be used in connection with an investment transaction with multiple members (such as a private equity buyout). This Standard Document assumes an agreement among multiple members with a board of managers controlled by a private equity sponsor.
LLC Agreement
Operating company
A long-form US LLC agreement to be used for an operating company in connection with a joint-venture transaction. This Standard Document assumes an agreement between two members, one of which is the managing member of the LLC.
LLC Agreement
Single member
A short-form US single member LLC Agreement for a Delaware limited liability company. This Standard Document assumes the LLC is managed by the sole member.
LLC Agreement
Single class, multiple member
A long-form US LLC agreement to be used for a Delaware limited liability company (LLC) with two or more members and one class of membership interests. This Standard Document assumes the LLC is managed by managers who may or may not be members.
