Operating Agreement (Florida) (Manager – Managed)
About This Document
This Operating Agreement governs the internal operations of a Manager-Managed Limited Liability Company (LLC) formed under Florida law.
It outlines how the LLC will be operated when day-to-day control is delegated to a Manager or Managers, rather than handled directly by all Members.
Who Should Use This Template
Startup founders forming a Florida LLC where Managers (not Members) run daily operations
Business owners who prefer a separation of ownership and management
Companies planning to appoint outside Managers or professional operators
Small businesses where investors want limited operational involvement
What the Template Includes
LLC formation details, including name, purpose, and principal place of business
Appointment and authority of the Manager(s)
Member rights to profits, losses, and distributions
Guidelines for capital contributions and additional funding
Management decision-making and voting rights for major issues (like selling the business or amending the agreement)
Transfer restrictions on membership interests
Dissolution and winding up procedures
Indemnification of Members and Managers
Editable Word format for easy adjustment to your specific LLC
Instructions for Completing the Template
Fill in the LLC name, effective date, and principal place of business.
Identify and list the initial Member(s) and the Manager(s).
Specify each Member’s capital contribution and ownership percentage (if different from contributions, adjust as needed).
Ensure the Registered Agent and office are properly designated and compliant with Florida law.
Adjust voting thresholds or Manager duties if you want to add specific restrictions or oversight requirements.
Have all Members and the Manager sign and date the agreement to make it enforceable.
Important Reminder
This document is provided as a template to assist with standard Florida LLC organizational needs.
It does not constitute legal advice. Always consult a qualified attorney to ensure this Operating Agreement reflects your intended management structure and safeguards your specific business and legal interests.
About This Document
This Operating Agreement governs the internal operations of a Manager-Managed Limited Liability Company (LLC) formed under Florida law.
It outlines how the LLC will be operated when day-to-day control is delegated to a Manager or Managers, rather than handled directly by all Members.
Who Should Use This Template
Startup founders forming a Florida LLC where Managers (not Members) run daily operations
Business owners who prefer a separation of ownership and management
Companies planning to appoint outside Managers or professional operators
Small businesses where investors want limited operational involvement
What the Template Includes
LLC formation details, including name, purpose, and principal place of business
Appointment and authority of the Manager(s)
Member rights to profits, losses, and distributions
Guidelines for capital contributions and additional funding
Management decision-making and voting rights for major issues (like selling the business or amending the agreement)
Transfer restrictions on membership interests
Dissolution and winding up procedures
Indemnification of Members and Managers
Editable Word format for easy adjustment to your specific LLC
Instructions for Completing the Template
Fill in the LLC name, effective date, and principal place of business.
Identify and list the initial Member(s) and the Manager(s).
Specify each Member’s capital contribution and ownership percentage (if different from contributions, adjust as needed).
Ensure the Registered Agent and office are properly designated and compliant with Florida law.
Adjust voting thresholds or Manager duties if you want to add specific restrictions or oversight requirements.
Have all Members and the Manager sign and date the agreement to make it enforceable.
Important Reminder
This document is provided as a template to assist with standard Florida LLC organizational needs.
It does not constitute legal advice. Always consult a qualified attorney to ensure this Operating Agreement reflects your intended management structure and safeguards your specific business and legal interests.
About This Document
This Operating Agreement governs the internal operations of a Manager-Managed Limited Liability Company (LLC) formed under Florida law.
It outlines how the LLC will be operated when day-to-day control is delegated to a Manager or Managers, rather than handled directly by all Members.
Who Should Use This Template
Startup founders forming a Florida LLC where Managers (not Members) run daily operations
Business owners who prefer a separation of ownership and management
Companies planning to appoint outside Managers or professional operators
Small businesses where investors want limited operational involvement
What the Template Includes
LLC formation details, including name, purpose, and principal place of business
Appointment and authority of the Manager(s)
Member rights to profits, losses, and distributions
Guidelines for capital contributions and additional funding
Management decision-making and voting rights for major issues (like selling the business or amending the agreement)
Transfer restrictions on membership interests
Dissolution and winding up procedures
Indemnification of Members and Managers
Editable Word format for easy adjustment to your specific LLC
Instructions for Completing the Template
Fill in the LLC name, effective date, and principal place of business.
Identify and list the initial Member(s) and the Manager(s).
Specify each Member’s capital contribution and ownership percentage (if different from contributions, adjust as needed).
Ensure the Registered Agent and office are properly designated and compliant with Florida law.
Adjust voting thresholds or Manager duties if you want to add specific restrictions or oversight requirements.
Have all Members and the Manager sign and date the agreement to make it enforceable.
Important Reminder
This document is provided as a template to assist with standard Florida LLC organizational needs.
It does not constitute legal advice. Always consult a qualified attorney to ensure this Operating Agreement reflects your intended management structure and safeguards your specific business and legal interests.
