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Operating Agreement Checklist for LLC and Partnership Agreement
July 29, 2021
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The checklist is a sequential listing of the items found in Operating Agreements that must be used for LLC's.  It is also used for  Partnership Agreements.   The checklist is very close to the sequence order of the items documented in your legal forms.   The items cover  your company name, where located, who are the members (partners),  the amount invested in capital, how profits are distributed and when,  the management responsibility of each member,  how decisions will be made, methods of liquidating a retiring or deceased member.   A detailed discussion between the members of the LLC  or the members of the Partnership prior to seeking an attorney will greatly save on attorney fees and make the process a lot quicker with fewer revisions.  The Operating Agreement and Partnership Agreement should always be part of the obligations of starting a business. 

Financial Projection Model

Financial Projection Model contains a set of input data sheets to list startup costs and sources of funds, salaries & wages, fixed operating costs, and sales forecasts for various products or services over a 3-year period.   The output data sheets are a set of useful projected financial statements (income statement, cashflow statement, balance sheet) for each of these 3 years.   The Financial Projection Model is very usefull to determine your break-even point and the net profit for your business.  

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