This template is an operating agreement for a Florida limited liability company (LLC) that is manager-managed with multiple members. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. Florida law does not require that an LLC adopt a written operating agreement, however written operating agreements are strongly recommended, particularly for multi-member LLCs. Statutory default provisions concerning the operation of an LLC will apply in many cases unless an operating agreement provides otherwise. Counsel should note that great latitude is afforded to limited liability companies in terms of economic, voting and tax matters and, accordingly, careful consideration should be given to the particular needs of a given enterprise. Consultation with tax counsel is advised in connection with the negotiation and terms of an operating agreement. This template has been updated as needed to reflect the revised Internal Revenue Code provisions governing ...