Document background
A Nonprofit LLC Operating Agreement, while common in the US, needs to be adapted for use in England and Wales where different legal structures apply. This document is essential when establishing a nonprofit organization, typically structured as a Company Limited by Guarantee or CIO under UK law. It sets out the fundamental rules governing the organization's operations, including membership rights, decision-making processes, financial management, and charitable objectives. The agreement must comply with both Companies Act 2006 and Charities Act 2011 requirements, ensuring proper governance and regulatory compliance.
