Trusted AI built on 175 years of Thomson Reuters knowledge. Meet The CoCo

LLC Agreement (Multi-Member, Board-Managed) (Private Equity Buyout)

by Practical Law Corporate & Securities

Maintained | Delaware, USA (National/Federal)

A long-form US LLC agreement to be used in connection with a private equity buyout or other investment transaction with multiple members. This Standard Document assumes an agreement among multiple members with a board of managers controlled by a private equity sponsor. This Standard Document includes integrated notes with important explanations and drafting and negotiating tips.

Get access to this document with Practical Law

Why Practical Law?

Gain a built-in attorney network

Practical Law’s resources are written and maintained by over 650 dedicated, full-time attorney-editors globally. They’re highly qualified, having practiced at the world’s leading law firms, corporate law departments, and government agencies, so they understand the challenges you face. They dedicate themselves to creating resources to help you navigate the new legal realities, legislative changes, and practice areas impacting your clients or organization.

See how to leverage the expertise of Practical Law’s attorney-editors to help you practice more efficiently.

Expert guidance

650+ full-time, experienced attorney-editors keep you up to date globally

Total resources

118,000+ total resources across 17 practice areas ensure comprehensive coverage

Timely updates 

150,000+ hours spent in 2025 maintaining and updating resources

Experience Practical Law