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TSYSGovernance/support/OperatingAgreements/OriginalThoughts-MergeLater.md
2025-03-15 12:32:27 -05:00

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### Main company agreement requirements
- (in progress) ensure everything from the Lone Star Land Law.com website/ebook is included (as applicable at the main company level, most requirements will be at the series level)
- (in progress) merge in anything relevant from the v1.0 agreement (as applicable at the main company level, most of that content will be applied at the series level)
## Series agreement (template)
### Series agreement overview
This is a far more complex document as it's establishing the operating agreement for actual operating entities of a variety of types of ventures.
### Series agreement requirements
- (in progress) ensure everything from the Lone Star Land Law.com website/ebook is included (as applicable at the main company level, most requirements will be at the series level)
- (in progress) merge in anything relevant from the v1.0 agreement (as applicable at the main company level, most of that content will be applied at the series level)
- Specify that the series enters into a contract with Known Element Enterprises as the provider of IT and business operations services.
- Specify that the series enters into a contract with The Campus Trading Company LLC as the sole provider of treasury/transaction operations services.
- for an individual series of a parent series LLC company that is member managed and board committee governed and serve as a detailed and comprehensive LLC operating agreement for each of the individual series of that overall LLC.
- Include a markdown table with five rows and two columns. The first column name will be Member Legal Name and the second column name will be Ownership Percentage.
- include a definitions section
- Include provisions for over riding every part of the relevant Texas business organizations code as allowed by law.
- Incorporate all the recommendations from LoneStarLandLaw book
- be fully compliant with current Texas law
- include standard/customary contract provisions
- Utilize the fairshares model
- granting of profit interests instead of capital interests