¶¶Òõ¶ÌÊÓƵ

All Countries
Risk Management
Business Operating Agreement

Business Operating Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Operating Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Operating Agreement

"I need a Business Operating Agreement for a new tech startup in Dublin with three founding members, launching in January 2025, with specific provisions for intellectual property protection and future investor admission."

Celebrated by
Collaborations with
Investors
Document background
The Business Operating Agreement serves as the foundational document for businesses operating in Ireland, establishing the framework for business operations and management. This document is essential when forming a new business entity or restructuring an existing one, particularly for private companies, partnerships, and limited liability entities. It must comply with Irish company law, particularly the Companies Act 2014, and includes detailed provisions for ownership structure, management responsibilities, capital contributions, profit sharing, and operational procedures. The agreement is crucial for preventing future disputes by clearly defining roles, responsibilities, and decision-making processes, while also providing mechanisms for business evolution and eventual dissolution. It should be tailored to specific business needs while maintaining compliance with Irish regulatory requirements.
Suggested Sections

1. Parties: Identification of all members/partners entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement, business purpose, and formation details

3. Definitions: Defined terms used throughout the agreement

4. Business Purpose and Formation: Detailed description of the business activities and formal establishment details

5. Capital Contributions: Initial and ongoing capital requirements, valuation of non-cash contributions

6. Ownership and Profit Sharing: Membership interests, profit/loss allocation, and distribution policies

7. Management Structure: Management roles, voting rights, and decision-making processes

8. Meetings and Resolutions: Procedures for member meetings, voting requirements, and record-keeping

9. Financial Management: Accounting practices, fiscal year, banking arrangements, and financial reporting

10. Transfer of Interests: Rules regarding transfer of ownership interests and admission of new members

11. Termination and Dissolution: Conditions and procedures for termination and winding up of the business

12. Governing Law: Confirmation of Irish law governance and jurisdiction

13. General Provisions: Standard legal provisions including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Used when the business owns or develops IP, defining ownership and usage rights

2. Non-Competition and Confidentiality: Required when protecting business secrets or preventing member competition

3. Employee Management: Include when the business will have employees, covering hiring authority and policies

4. Tax Matters: Detailed tax provisions when complex tax arrangements are needed

5. Insurance Requirements: Specific insurance obligations when required by business nature

6. Data Protection: GDPR compliance provisions when handling personal data

7. International Operations: Include for businesses operating across borders

8. Dispute Resolution: Detailed ADR procedures when preferred over standard court proceedings

Suggested Schedules

1. Schedule 1 - Initial Capital Contributions: Detailed list of members' initial capital contributions and valuations

2. Schedule 2 - Members' Information: Complete details of all members including contact information and ownership percentages

3. Schedule 3 - Business Plan: Initial business plan and operational guidelines

4. Schedule 4 - Management Procedures: Detailed procedures for management operations and decision-making

5. Schedule 5 - Banking Arrangements: Authorized signatories and banking procedures

6. Appendix A - Form of Resolution: Template for member resolutions

7. Appendix B - Transfer Notice: Standard form for notifying transfer of interests

8. Appendix C - Adherence Agreement: Template for new members joining the business

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions













































Clauses



































Relevant Industries

Professional Services

Technology

Retail

Manufacturing

Construction

Healthcare

Financial Services

Hospitality

Real Estate

Agriculture

Education

Consulting

Transport and Logistics

Media and Entertainment

Energy

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Operations

Compliance

Risk Management

Business Development

Administrative

Company Secretariat

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Business Owner

Operations Director

Chief Financial Officer

Compliance Officer

Risk Manager

Board Member

Partnership Manager

Business Development Director

Company Director

General Counsel

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Sole Member Operating Agreement

An Irish law-governed agreement establishing the operational and governance framework for a single-member private limited company.

find out more

Amended Operating Agreement

An Irish law-governed document that modifies an existing operating agreement, updating company governance and operational arrangements.

find out more

Manager Managed Operating Agreement

An Irish law-governed agreement establishing a manager-managed company structure, defining management roles, responsibilities, and company governance framework.

find out more

Management Company Operating Agreement

An Irish law agreement establishing the operational framework and governance structure for a property management company, including rights and obligations of all stakeholders.

find out more

Operations And Management Agreement

An Irish law-governed agreement establishing terms for management and operation of facilities, assets, or business operations by a third party.

find out more

Operating Agreement For Corporation

An Irish law-governed agreement establishing the internal governance rules and operational framework for a corporation.

find out more

Management Agreement Between Two Companies

An Irish law-governed agreement establishing terms for management services provision between two companies, including service scope, fees, and operational requirements.

find out more

Limited Liability Agreement

An Irish law-governed agreement that defines and limits liability exposure between contracting parties, establishing clear boundaries for financial and legal obligations.

find out more

Business Operating Agreement

An Irish law-governed agreement establishing the operational framework and management structure of a business entity, defining owner rights and responsibilities.

find out more

Real Estate Operating Agreement

An Irish law-governed agreement establishing the framework for real estate property operation and management, defining relationships between owners and operators.

find out more

Operating Management Agreement

An Irish law-governed agreement establishing terms for professional management services of a business, property, or facility, including operational responsibilities and performance standards.

find out more

Partnership Operating Agreement

An Irish law-governed agreement establishing the governance framework and operational rules for a business partnership.

find out more

Limited Liability Company Agreement

An Irish law-governed agreement establishing and regulating a limited liability company's structure, operations, and member relationships.

find out more

Addendum To Operating Agreement

An Irish law-governed document that amends an existing Operating Agreement, modifying specific terms while keeping other original provisions intact.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.