Operating Agreement
LEGAL & GOVERNANCE
Operating Agreement
A plain-language overview of the Amended and Restated Multi-Class Operating Agreement. The complete executed document is available to view or download at the bottom of this page.
SECTION 1
Company Information
LEGAL ENTITY
CFW & Associates LLC
ENTITY TYPE
Delaware Statutory Public Benefit Limited Liability Company
DOING BUSINESS AS
Blackstrap 2 Bootstraps
EFFECTIVE DATE
August 29, 2026
The Company is formed under Title 6, Chapter 18, Subchapter XII of the Delaware Limited Liability Company Act and is foreign-qualified to operate regional loops and storefronts in Arizona, Pennsylvania, Ohio, Georgia, and Alabama.
SECTION 2
Purpose of the Company
CFW & Associates operates as a mission-driven social enterprise incubator, crowdfunding store environment, and industrial cooperative marketplace under the Blackstrap 2 Bootstraps name, with the goal of developing sustainable community wealth, resilience, and economic independence.
Under Article II, this infrastructure is structured to convert overlooked community assets into sustainable communal wealth, creating a debt-free path to eco-sustainability, community resilience, and localized economic independence. Managers manage the Company in a manner that balances member interests, the interests of those materially affected by the Company's conduct, and the stated public benefit purpose.
SECTION 3
Membership Structure
CLASS A
Managing Lineage Members
Restricted to the founding generational family lineages listed in Schedule A. Class A holds authority over master legal structure, compliance and regulatory oversight, asset protections, and capital reserve allocations.
CLASS B
Independent Artisan & Associate Members
Open to non-family independent associates, home-based artisans, and incubated micro-enterprises earning under $35,000 gross per annum, with full operational autonomy over their storefronts, sub-brands, and intellectual property.
Article III of the Agreement defines both classes, the annual Class B revenue review, and the voting rights attached to each class.
SECTION 4
Financial Architecture
The marketplace assesses a fixed, non-refundable infrastructural service fee of twenty percent (20%) on gross sales transactions. That fee is programmatically split in equal halves:
Associate Marketplace Sale
20% Infrastructure Service Fee
10%
Platform Sustainability
Payment processing, servers, multi-vendor software, and administration.
10%
Community Wealth Pool
Segregated ledger restricted from distribution to Class A members.
SECTION 5
Full Agreement
The complete Amended and Restated Multi-Class Operating Agreement, including the Model C Fiscal Sponsorship Rider, the Class B Associate Disclosure, and the Board Resolutions, is available below.
