You can add as many members as your LLC has in this section. If there are only two of you, remove the references to “Member 3” throughout this template.
Contributions and Distributions
Each Member hereby agrees to contribute the following amount of cash (or other property acceptable to the other Members) to the LLC:
(insert amount or property description) – [Member1.FirstName][Member1.LastName]
(insert amount or property description) – [Member2.FirstName][Member2.LastName]
(insert amount or property description) – [Member3.FirstName][Member3.LastName]
All contributions shall be made within (insert number) days of the execution of this Agreement.
Allocation of Profits and Losses
The Members hereby agree that the profits and losses of the LLC shall be allocated among the Members in proportion to their respective ownership interests in the LLC.
Member’s Voting Rights and Title
[Member1.FirstName][Member1.LastName] has (insert number) % voting rights and is the [Member1.Title].