Business structure literacy course
The Series LLC Operating Agreement
Reading a series LLC agreement, article by article
A working study of a fictional specimen Series LLC operating agreement, drafted under the Alabama Limited Liability Company Law of 2014 (Title 10A, Chapter 5A) as the example statute. Nineteen articles, grouped into six modules, so you can read your own agreement and know what you actually signed.
I Write Mines Academy · 6 modules · 150 minutes · Founders, creative-business owners, multi-property investors, and anyone about to sign an operating agreement.
- Navigate an operating agreement by article instead of reading it end to end
- Explain what a protected series is and what keeps it protected
- Identify who manages, who votes, and what triggers a member vote
- Recognise the separate-records requirement that the whole liability shield rests on
- Know which articles you must customise before signing anything
This is document-literacy education, not legal advice. It uses one specimen agreement as a teaching text. Have a licensed attorney in your state review any agreement before you sign it.
Articles 1-5
1 assigned readingFormation, Office, Purpose, Duration, Definitions
The opening articles set the legal identity: formed as a series LLC under the Alabama Act of 2014 (Title 10A, Chapter 5A), named Example Ventures LLC — a fictional company used only as a teaching sample — with a principal place of business in one state and a registered agent in another.
- Identify the governing statute and why it is named
- Distinguish principal place of business from registered office
- Explain why the definitions article is read first, not last
Before the deck
- Articles 1-5 of the operating agreement · Series LLC Operating Agreement
Definitions and purpose, read once slowly before the deck.
Article 1
Formation and name
- Formed as a series LLC under the Alabama Limited Liability Company Law of 2014, Title 10A, Chapter 5A.
- Name (fictional example): Example Ventures LLC.
- The Certificate of Formation is filed with the Alabama Secretary of State; the Manager files amendments.