Puerto Rico Multi-Member LLC Operating Agreement — Standard, for Business Partners (Word, English + Spanish)
by Keystone Legal Forms
$119
Puerto Rico LLC Operating Agreement – Multi-Member, Standard
A complete, professionally drafted operating agreement for two to four owners who share profits in proportion to their percentages, with a manager running the business. Instant download: Word (.docx) files you fill in yourself, with a plain-language Instruction Sheet that walks you through every field.
WHAT YOU GET (both English and Spanish versions of every file)
Operating Agreement (15 pages): a 5-part Key Terms table holding every field and every choice the partners make, then 12 articles — the company; members, interests and capital; profits, distributions and taxes (with tax distributions); management with a Major Decisions list and dollar limits you set; member decisions; duties, liability and indemnification; transfers with right of first refusal and family transfers; death, incapacity and withdrawal with Fair Value buyout; dissolution; records; disputes (mediation before court); general. Schedule 1 Joinder Agreement and Schedule 2 Spousal Acknowledgment
Instruction Sheet (10 pages): the choices every group of partners must make, explained in plain language — who decides what, money, leaving the company, protecting the business; field-by-field guide; tax classification; after-signing checklist; when the form is not enough; Puerto Rico notes
WHY A PUERTO RICO-SPECIFIC FORM
Generic U.S. templates cite rules that do not apply in Puerto Rico. This form is drafted for Puerto Rico from a blank page: it uses the Departamento de Estado's terminology (Certificado de Organización, agente residente) and addresses the Puerto Rico issues that mainland forms ignore — the entity's Puerto Rico and federal tax classification, community property (sociedad legal de gananciales) and forced heirship (legítima). Not a recycled mainland template. Every form opens with a Key Terms table that holds every fill-in field and every choice in one place, so you never hunt through thirty pages for a blank. Last reviewed November 2026.
HOW IT WORKS
Purchase and download instantly (Word .docx files — open in Microsoft Word, Google Docs or LibreOffice).
Open the Instruction Sheet first. It explains every field in plain language, in the order it appears.
Replace each yellow [BRACKETED FIELD] in the form with your information.
Delete the cover page, print or sign electronically, and keep the signed copy with your company records.
FORMAT
Microsoft Word .docx (editable), US Letter, Times New Roman. Every field is highlighted in yellow and explained in the Instruction Sheet. Delivered as a .zip with the English and Spanish versions.
SUPPORT
This is a no-support product by design: the Instruction Sheet answers the questions buyers ask. It includes a section titled "When this form is not enough" that tells you plainly when to see an attorney instead.
IMPORTANT: This is a self-completion legal form template sold for informational purposes. Nothing in this listing or in these forms constitutes legal advice. Keystone Legal Forms is not a law firm nor a legal services provider; no attorney-client relationship is created by this purchase. Rules change and every situation is different: consult your own legal and tax advisors and other professionals in connection with these documents and before signing any of them. Because this is a digital download, all sales are final once the files have been delivered.