Create Document
Fill & Customize
Basic Download
Adobe PDF
Microsoft Word
OpenDocument
By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Importance of an LLC Operating Agreement
Executing a multi-member LLC agreement allows members to define their rights and obligations and ensure the rules, procedures, and structure of an LLC are clearly established.
Without this type of contract, the entity is governed by the rules and standards established by the state in which it is formed, which may or may not align with the company’s goals.
What the Agreement Includes
- Basic company details
- Capital contributions
- Profit and loss allocation
- Indemnification
- The duties and powers of managers
- Salaries, taxes, and accounting
- Transfer of a member’s interest
- Dissolution
- General company provisions
- Signatures of all members