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Updated about 12 years ago, 10/26/2012

User Stats

40
Posts
3
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NA N.
  • Real Estate Investor
3
Votes |
40
Posts

Operating Agreement for Manager managed 1 memeber LLC

NA N.
  • Real Estate Investor
Posted

I was wondering, after looking at several templates on the internet that look too general, if someone here at BP would be kind enough to provide a template tailored for the flipping homes business.
Here is how I will be forming the LLC:

1) Manager managed. Manager won't be owner, just manager
2) 1 member owner of 100% of the LLC
3) Manager is registered agent and able to sign on behalf of LLC.
4) LLC will be taxed as S corp.
5) There will be an initial "contribution" from me to the LLC to make the first purchase from LLC account.

I know I should consult an attorney/tax but at this stage I just need to get this going so I can start making offers in my LLC's name.

I understand this might be necessary in order to open a business account. Correct.

Anyways.. I appreciate if anyone could help.

Thanks

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