Operating Agreement Content/Topics

[Kathleen Hendricks]

Hi All,

I'm working on topics to be insert in an operating agreement for a partnership (we are using an attorney, but I want to get a head start) I'll be entering into.  I want to make sure we cover everything.  Any input for additional topics would be most appreciated.

1. Role definitions and overarching responsibilities:
2. Contributions and valuation of such:
3. Distributions:
4. Exit strategy (or strategies):
5. Succession in case of illness or death:
6. Dissolution by mutual agreement:
7. Dissolution by demand of one partner: