LLC Operating Contract (Commercial Property, Manager-Managed, Simple) (Florida)

The LLC Operating Contract (Commercial Property, Manager-Managed, Simple) is a legal template that outlines the governing rules and regulations of a limited liability company (LLC) operating in the state of Florida, under the jurisdiction of US law. This specific template caters to LLCs engaged in the management and operation of commercial properties, such as office buildings, retail spaces, or industrial facilities.

The contract sets out the roles and responsibilities of the LLC members, with a focus on a manager-managed structure where designated individuals or entities are appointed to handle day-to-day operations and decision-making activities. This structure allows for effective management and streamlines decision-making processes within the LLC.

The document covers various aspects essential to the management and operation of the LLC. This includes provisions related to membership, capital contributions, profit distributions, and governance procedures. Additionally, the template specifies how the LLC will handle disputes, amendments to the contract, and the dissolution or termination of the company.

By utilizing this legal template, LLC members and stakeholders can establish a clear understanding of their rights, obligations, and expectations. It provides a solid foundation for managing and governing the LLC's activities related to commercial property, while ensuring compliance with the specific laws and regulations within the state of Florida and the broader scope of US law.