Ƶ

Members Agreement For LLC Template for Singapore

A Members Agreement for LLC in Singapore is a legally binding document that establishes the rights, responsibilities, and relationships between members of a Limited Liability Company under Singapore law. It governs crucial aspects such as capital contributions, profit sharing, management structure, decision-making processes, and exit procedures, while ensuring compliance with Singapore's Companies Act and related regulations. This agreement serves as the fouNDAtion for member relations and company governance.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Members Agreement For LLC?

The Members Agreement For LLC is essential when establishing or updating the operational framework of a Limited Liability Company in Singapore. This document is crucial for defining member relationships, preventing potential disputes, and ensuring smooth business operations. It addresses key aspects such as ownership structure, voting rights, capital requirements, and profit distribution, all while adhering to Singapore's legal framework. The agreement becomes particularly important when multiple members are involved, when investment structures are complex, or when specific operational requirements need to be documented.

What sections should be included in a Members Agreement For LLC?

1. Parties: Identification and details of all members entering the agreement

2. Background: Context and purpose of the LLC and member relationship

3. Definitions: Key terms used tHRoughout the agreement

4. Membership Rights and Obligations: Core rights and duties of members including voting rights and participation in management

5. Capital Contributions: Initial and ongoing capital requirements, including procedure for additional capital calls

6. Management Structure: Governance and decision-making framework, including voting tHResholds for different decisions

7. Profit and Loss Distribution: How profits and losses are allocated among members and distribution policy

8. Transfer of Interests: Rules and restrictions for transferring membership interests, including right of first refusal

9. Termination: Conditions and process for terminating membership and winding up the LLC

What sections are optional to include in a Members Agreement For LLC?

1. Non-Compete Provisions: Restrictions on competitive activities and confidentiality obligations

2. Intellectual Property Rights: IP ownership, usage rights, and development of new IP within the LLC

3. Tag-Along Rights: Rights of minority members to join in sale of majority interests

4. Drag-Along Rights: Rights of majority members to force minority members to join in sale

5. Deadlock Resolution: Procedures for resolving deadlocks in decision-making

What schedules should be included in a Members Agreement For LLC?

1. Schedule 1 - Member Details: Complete information about each member including contact details and shareholding percentages

2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of each member's initial capital contribution

3. Schedule 3 - Business Plan: Initial business plan and objectives of the LLC

4. Schedule 4 - Valuation Methodology: Agreed method for valuing membership interests for transfers and exits

5. Schedule 5 - Reserved Matters: List of decisions requiring special majority or unanimous consent

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Operating Agreement

Cost

Free to use

Find the exact document you need

Single Member Manager Managed LLC Operating Agreement

A governing agreement for a single-member private limited company in Singapore, structured to function similarly to a US-style LLC.

Download

Real Estate Operating Agreement LLC

A Singapore-law governed agreement establishing operational framework for real estate LLC management and member relationships.

Download

Operating Agreement For LLP

A legal document establishing the governance framework for a Limited Liability Partnership under Singapore law, defining partner relationships and operational structure.

Download

LLC Business Partnership Agreement

A Singapore-law governed agreement establishing the terms and structure of an LLC partnership between multiple parties.

Download

Multi Member Operating Agreement

A Singapore-law governed agreement establishing the structure and governance framework for multi-member limited liability companies.

Download

Manager Managed Operating Agreement

A Singapore-compliant legal agreement establishing the management and operational framework for a manager-managed company structure.

Download

Management Company Operating Agreement

A Singapore-law governed agreement establishing the operational framework and governance structure for a management company.

Download

Basic Operating Agreement

A fouNDAtional document under Singapore law that establishes the operational framework and governance structure for a business entity.

Download

Operating Agreement For Incorporation

A Singapore-compliant legal document establishing the governance structure and operational framework for a newly incorporated company.

Download

Operating Agreement For Corporation

A Singapore-compliant corporate governance framework establishing operational and management protocols for corporations.

Download

Members Agreement For LLC

A legally binding agreement governing member relationships and operations in a Singapore-based LLC, compliant with local company law.

Download

Management Agreement Between Two Companies

A Singapore-law governed agreement establishing terms for management services between two companies.

Download

LLC Equity Agreement

A legal agreement governing equity ownership and transfer in Singapore LLCs, compliant with Singapore Companies Act and related legislation.

Download

Limited Liability Agreement

A Singapore-law governed agreement establishing liability limitations and risk allocation between contracting parties.

Download

Limited Company Agreement

A Singapore-governed agreement establishing the framework for operating and managing a private limited company.

Download

Joint Operation Contract

A Singapore-law governed agreement establishing terms for joint business operations between multiple entities while maintaining their separate legal identities.

Download

Joint Operation Agreement

A Singapore-law governed agreement establishing the framework for joint business operations between multiple parties, defining their rights, responsibilities, and operational structure.

Download

Joint Operating Agreement

A contractual framework under Singapore law governing joint operations between multiple parties, establishing rights, obligations, and management procedures.

Download

General Partnership Operating Agreement

A Singapore-law governed agreement establishing the framework for operating a general partnership, defining partners' rights and responsibilities.

Download

Asset Protection LLC Operating Agreement

A Singapore-compliant operating agreement establishing an asset protection structure with governance framework and protective measures.

Download

Limited Liability Company LLC Operating Agreement

A Singapore-compliant operating agreement establishing the governance structure and member rights for a private limited company.

Download

Single Member Managed LLC Operating Agreement

A governing document for single-owner private limited companies in Singapore, establishing operational and management frameworks under Singapore law.

Download

Limited Liability Operating Agreement

A Singapore-law governed agreement establishing the operational framework and partner relationships within a Limited Liability Partnership.

Download

Real Estate Holding Company Operating Agreement

A Singapore-law governed operating agreement establishing the structure and governance of a real estate holding company.

Download

Member Managed Operating Agreement

A Singapore-compliant legal agreement establishing governance and operational framework for member-managed Limited Liability Partnerships.

Download

Operating Agreement For Member Managed Limited Liability Company

A legal document governing the operation and management of a member-managed LLC under Singapore law.

Download

Limited Liability Company Operating Agreement Single Member

A Singapore-governed operating agreement establishing the structure and rules for a single-member limited liability company.

Download

Bylaws Operating Agreement

A Singapore-law governed document establishing internal management rules and operational framework for company governance.

Download

LLC Shareholder Agreement

A legally binding agreement governing shareholder relationships in a Singapore Private Limited Company, aligned with Singapore corporate law.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it