Puerto Rico LLC Operating Agreement with Voting and Non-Voting Members — Class A / Class B, Family Business, Key Employee (Word, English + Spanish)
by Keystone Legal Forms
$139
Puerto Rico LLC Operating Agreement – Voting and Non-Voting Interests
A complete, professionally drafted operating agreement for a founder or family who wants to share profits with a key employee, an adult child, a relative who contributed money, or a passive investor — without sharing control. 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 (17 pages): 6-part Key Terms table + 12 articles — Class A voting and Class B non-voting interests with voting and non-voting classes, identical economics with control in Class A, a complete Class B exit mechanism (death, end of employment, breach, or a Class A decision) with three buyout-price options, plus everything in the Standard multi-member form; Schedules 1 and 2
Instruction Sheet (11 pages): how the two classes work, the Class B exit explained, choosing the buyout price and payment terms, all standard multi-member choices, 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.