Creating a Company Agreement for your LLC

Attorney Benjamin Ochoa will teach you how to draft a company agreement for your LLC. At the end of this class, you will:

• Understand the necessary clauses in a Company Agreement

• Have a completed Company Agreement you can use to run your LLC

• Understand how to divide up the ownership of your LLC

If you have an LLC with 2 or more members, this class is for you. The Company Agreement is a necessary part of every LLC. Without one, a LLC uses the default rules passed by the State of Texas which probably do not do what you want them to.

Frequently Asked Questions

• What is a company agreement?

A company agreement sets out the rules for running a LLC. It tells the owners of the company what to do if: the LLC wants to add investors; an owner wants to quit the LLC; an owner dies/gets divorced; the LLC wants to merge with another company; or the LLC wants to stop doing business. LLCs with 2 or more members are required to have one.

• How do I divide up the ownership of my company?

The Company Agreement contains a capitalization table that details which owners own how much of the company. In this class, we will go over how to make a capitalization table for you LLC as part of the Company Agreement.

• I am the sole owner of my LLC. Do I need a Company Agreement?

While under Texas law a single member LLC is not required to have a Company Agreement, it is still a good idea to draft one. If you want to add another owner or an investor, the Company Agreement can serve as a starting point for negotiations and can make it much easier and quicker to add new members.