Washington Llc Operating Agreement Template

Protecting your assets depends on two things: your state`s LLC regulations and separating it from you and your individual LLC member. Your operating agreement won`t change any of that, but it will be useful for more mundane tasks like opening a bank account. A capital contribution is simply a single member who deposits money into the LLC bank account. The most common way to do this is for each person to write a personal check to the LLC. This also creates a nice record of the transaction. If you are using a business agreement template listed below, the amount of the initial capital contribution must be proportional to the percentages of ownership. It is recommended by the state. Pursuant to revised Section 25.15.006(7) of the Washington Code, all members of a Washington LLC may enter into an operating agreement to govern the internal affairs of the Company. . . .