Does anyone have a good Operating Agreement that can be shared?

[Richard Fisher]

Hello I’m kind of new here and already have a question. I have a partner who was a very good friend. We form an S Corp back in 1995 and started investigating in a few residential rental properties. Long story short we’ve been talking since we are getting older about what happens when one of us is gone or do we want to unwind things now? One would like to sell everything and one would like to continue.

But in this process of talking we realize we never put together an operating agreement when we first formed the Sub S? We still very are very agreeable with the way we run things but now realize we aren’t going to last forever.

So while we are still here and agreeable we would like to get something written down before it’s up to the families. Any ideas?