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Articles of Organization Operating Agreement serves as both the founding document filed with the state and the internal governance manual for Limited Liability Companies in the United States. This dual-purpose document is essential when forming an LLC, as it not only satisfies state registration requirements but also establishes clear guidelines for business operations, member rights, and management responsibilities. The document addresses crucial aspects such as ownership structure, capital contributions, profit/loss allocation, and decision-making processes, while ensuring compliance with both federal and state-specific LLC regulations. It's particularly important for protecting member interests and preventing future disputes by clearly documenting all operational aspects of the business.

1. Article 1: Organization: Formation details including LLC name, purpose, principal place of business, registered agent, and term of existence

2. Article 2: Members: Initial members identification, admission of new members, capital contributions, and membership classes

3. Article 3: Management: Management structure, voting rights, meetings procedures, and decision-making processes

4. Article 4: Capital Accounts: Rules for maintaining capital accounts, capital contributions, allocations, and distributions

5. Article 5: Tax Matters: Tax classifications, allocations, distributions, and appointment of tax matters partner

6. Article 6: Transfer Restrictions: Rules and restrictions for transferring membership interests, including right of first refusal

7. Article 7: Dissolution: Procedures for dissolution, winding up, and liquidation of the LLC