If there are several members, this agreement becomes a binding contract between the members. This section of the operating agreement focuses on how members adhere to the LLC, their contributions, their capital accounts (ownership accounts), and how profits and losses are distributed to members. It should include: If there are to be changes or modifications to this Agreement, ensure that there are sufficient rules in place so that no party can make changes without the consent of the majority or all members. The enterprise contract defines the rights and obligations of the members and determines the percentage of ownership of each member. While corporations generally base their ownership on the value of a member`s capital contributions, PROSAs can use any method chosen by members to share their business interests.