A Tennessee LLC operating agreement outlines the internal rules and regulations of a limited liability company. Without an operating agreement, the LLC is governed by the Tennessee Limited Liability Company Act. Executing this document allows the company’s members to self-organize and maintain an ownership structure that suits their needs.
A Tennessee LLC operating agreement outlines the internal rules and regulations of a limited liability company. Without an operating agreement, the LLC is governed by the Tennessee Limited Liability Company Act. Executing this document allows the company’s members to self-organize and maintain an ownership structure that suits their needs.
No – Tennessee statutes do not require operating agreements, but having one in place is common practice.
 Single-Member LLC Operating Agreement – For individuals establishing an LLC without other members.
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 Multi-Member LLC Operating Agreement – An operating agreement established by an LLC that has two (2) or more members.
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