An initial capital contribution provision that can be used in a limited liability company (LLC) operating agreement for a real estate joint venture formed between an operating member, which is the minority member, and an investor member, which is the majority member. In these Standard Clauses, the operating member contributes its ownership interest in the fee owner as its initial capital and the investor member contributes cash. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.