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Operating Agreement Composer

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Clause modules below are distilled from your own operating agreements (Harrowgate, Penrose Holdings, Northwind Growth, Gulfside, Northwind Growth Fund, MH Lender, Calloway…) — each option notes its source document. Output is a draft for counsel review. Save a configuration as a preset to reuse it as your custom template.

SAVED PRESETS: Single-asset holdco (NC)

Parameters

Company legal name *

State of organization

Effective date *

Principal place of business

Manager name(s) (comma-separate co-managers) *

Partnership Representative

Target investment / property address (for specific purpose)

Priority-tier payee (if enabled)

Priority-tier source (fees / agreement)

Removal vote threshold (%)

Amendment threshold (%)

Capital-call funding window (days)

Notices — copy to (optional)

Members (Exhibit A)

Member name	Signing capacity (e.g. "By: Jordan Hale, as trustee")	Address	Percentage interest (%)	Initial capital ($)

+ add member

Generate / save

Presets store the clause choices and thresholds (not the company name or member rows), so they apply cleanly to the next entity.

Form scope

Full form
your long form: manager powers, indemnification, books & records (Harrowgate / Penrose Holdings) Streamlined single-asset holdco
your short form (Northwind Growth Fund / Gulfside) — trimmed machinery

Purpose clause

Any lawful business
Harrowgate / Northwind Growth / NWLP Descendants Specific investment (names the target)
Penrose Holdings / Tampa / Northwind Growth Fund Single real property (address)
Calloway pattern

Management

Single Manager
most of your OAs Co-Managers
Penrose Holdings: majority vote, deadlock → Member vote, any one signature binds

Manager removal

For cause only (felony / unauthorized act, 5-day cure)
your long form No cause, by vote
Tampa (>50%) / Northwind Growth Fund (>80%)

Successor manager

Elected by the Members
your standard Manager may designate a successor by filed instrument
MDunn form (Calloway 3.8(b)) — an LLC "manager will"

Manager compensation

Silent
most of your OAs No compensation
Northwind Growth Fund Expense reimbursement only
Penrose Holdings / MH Lender

Distributions

Waterfall: return capital first, then pro rata
your long form (Unreturned Capital tier) Flat pro rata by percentage interests
your short form / MH Lender

Additional capital

None — no member may be required or permitted to contribute more
your default Voluntary calls; non-funders diluted
MH Lender 3.8 / Northwind Growth Fund pattern Mandatory calls with forfeiture remedy
Tampa 3.2 pattern