OPERATING AGREEMENT

LLC Operating Agreement — 미국 유한회사 운영계약 · EN

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OPERATING AGREEMENT of Blue Ridge Ventures LLC This Operating Agreement of Blue Ridge Ventures LLC , a Delaware limited liability company (the "Company"), is adopted by the undersigned members effective as of September 14, 2026. Article I — Formation The Company was formed under the laws of the State of Delaware. Its principal place of business is 1209 Orange St, Wilmington, DE. The purpose of the Company is any lawful business. Article II — Members and Capital Contributions Member Ownership % Capital Contribution Jane Doe 60% $60,000 John Smith 40% $40,000 Article III — Management and Voting The Company shall be member-managed . Members shall vote in proportion to ownership interest. Decisions requiring a vote shall be made by a majority unless this Agreement provides otherwise. Article IV — Distributions Distributions shall be made pro rata to ownership, at such times as the members determine, subject to applicable law. Article V — Transfer of Interests No member may transfer an interest in the Company without the written consent of all other members. Article VI — Miscellaneous This Agreement is governed by the laws of the State of Delaware and constitutes the entire agreement of the members concerning the Company. September 14, 2026 Member: Jane Doe ________________ Member: John Smith ________________

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Drafting tips

⚠️ State LLC statutes differ — this is a general-purpose agreement. States like California, New York and Delaware have specific default rules this agreement modifies.

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Information you'll need

LLC nameState of formationPrincipal place of businessBusiness purposeMembersManagementVotingDistributionsEffective date

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FAQ

Is an operating agreement legally required?

Only a few states mandate it, but operating without one means state default rules govern — often not what you want.

Single-member LLC needs one?

Strongly recommended — it reinforces the corporate veil separating you from the LLC.

This document is a general template, not legal advice for your specific case. Have important documents reviewed by a professional.