A Multi-Member (Member-Managed) LLC Operating Agreement defines how two or more owners share management responsibilities and profits. In this structure, all members participate in daily operations, make decisions jointly, and retain equal authority over company actions.

This structure suits LLCs with active partners — such as family businesses, agencies, or small professional firms — where every owner wants a say in running the company. The agreement establishes clear voting procedures, profit allocations, and dispute resolution terms to keep your LLC legally protected under California law.

Without this agreement, misunderstandings over control or ownership can quickly escalate into disputes that put your business and liability protection at risk.