Joinder to Operating Agreement
(LLC)

Summary

This joinder to operating agreement (LLC) template provides for a new member of a limited liability company (LLC) to become a party to the LLC's operating agreement. This template includes practical guidance and drafting notes. A joinder agreement can be a standalone document or included as an exhibit to the LLC's operating agreement. Using this type of agreement, a new member can be admitted as part of the LLC operating agreement and will be bound to its terms. For a full listing of key content for in-house counsel and corporate secretaries when performing corporate functions, see In-House Corporate Secretary Resource Kit. For additional guidance, see Limited Liability Companies, Membership Interest Acquisition Tax Issues (LLC), and Limited Liability Companies State Law Survey.