OPERATING AGREEMENT INTAKE FORM

This intake form is designed to gather all the essential information needed to create a customized operating agreement for your entity. An operating agreement is a foundational document that outlines the ownership, management structure, and operating procedures of your business. It provides clarity on roles, responsibilities, and financial arrangements, helping to avoid future conflicts by setting clear guidelines. Please complete the sections below with accurate and detailed information. Kings & Queens Consulting will use this information to develop an agreement tailored to your entity's unique needs. If you have any questions about specific sections, feel free to reach out for guidance.

Basic Information

Full Name

Email (use email for business)

Phone

Entity Name and State of Formation

Business address

Business phone

Provide clarity on entity set up example you are an LLC but taxed as a S Corporate for taxes

Ownership Structure

Members’ Full Names & Contact Information

Percentage Ownership for Each Member

Initial Capital Contributions from Each Member (if applicable)

Management Structure

Management Type

Member-managed

Manager-managed

Names of Managers (if manager-managed)

Decision-Making Authority: Outline voting rights, if any (e.g., one vote per member, or voting based on ownership percentage)

Roles and Responsibilities

Specific Roles for Each Member or Manager

Description of Day-to-Day Responsibilities for each role

Financial Matters

Profit Distribution Method: Equal or based on ownership percentage

Payment Frequency:

Quarterly

Annually

Other

Tax Matters

Tax Classification Election

Single-member LLC

Multi-member LLC

S-Corp election

Designated Tax Representative (if any)

Operating Rules

Meetings: Schedule for regular meetings, if any (MANDATORY FOR ALL Corporations)

Voting Thresholds for major decisions

Rules for Adding New Members or transferring interests

Dissolution and Buyout Provisions

Conditions for Dissolution of the entity

Buyout Provisions: Process for members to exit or sell their interests

Additional Provisions (if applicable)

Non-Compete Agreements or Restrictions

Intellectual Property Ownership Arrangements

Confidentiality Agreements