Manager-Managed LLC Operating Agreement — Review and Redline
A review and redline of a counterparty's Manager-Managed LLC Operating Agreement, the agreement that separates the investors from the operators, defining manager authority, reserved matters, and removal.
You get a redline, a short issues memo ranking the problems, and recommended alternative language for each one. You receive a marked-up document plus a ranked issues memo that separates what must change from what is worth trading.
Frequently asked questions
The fee covers a full read of the counterparty's document against your position, a tracked-changes redline you can send back, and a ranked issues memo separating deal-breakers from trade material. It is fixed at this scope: one entity, and up to 10 members. 1 round of revisions are included. If your matter falls outside that scope we tell you before starting and quote the difference — we do not bill past a flat fee without agreeing it first.
1 to 2 weeks from a complete set of instructions, plus time for the 1 round of revisions included in the fee. If you are working to a court deadline or a closing date, tell us when you order and we will confirm in writing whether we can meet it before you commit.
$2,125 is $325/hour × 6.5 hours — the time this deliverable takes in an ordinary entity formation matter, at the firm's standard rate. Because it is a flat fee, the risk of the work running long sits with the firm: you pay $2,125 whether it takes us the estimate or twice it.
Third-party costs are never inside a flat fee and are passed through at cost, never marked up: court and agency filing fees, court reporter and transcript charges, expert witness fees, search vendor and e-discovery hosting charges, process server fees, and travel.
The business terms you have agreed so far, the counterparty and which side of the deal you are on, any existing draft, term sheet, or prior agreement, and your risk tolerance on the provisions that matter most to you. Send what you have — if something is missing we will tell you what else we need before the turnaround clock starts.
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