Join Now
Browse Template

Operating Agreement

Limited Liability Company

Ensure smooth operations of your LLC with an Operating Agreement. Our expert tips & templates help you draft a customised agreement for your business.

How to Tailor the Document for Your Need?


Create Document

Click "Create Document" button and the document will be prepared with your account details automatically filled in.


Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.


Get Document

When you are done, click the "Get Document" button and you can download the document in Word or PDF format.


Review Document

Please review the document carefully and make any final modifications to ensure that the details are correct before publication / distribution.

Document Preview

Document Description

An LLC operating agreement is a key document for a limited liability company (LLC) as it outlines the terms of ownership, company structure and duties of the members of the LLC. This template is for a manager-managed LLC i.e. the owners appoint a manager or managers to handle day-to-day business decisions

An LLC is not mandatory by law in many states. However, it is important to have an LLC agreement because:

  • it defines the roles and responsibilities of the members to avoid future misunderstandings;
  • protect the members from being personally liable.; and
  • having an operating agreement gives you the power to set the rules for your LLC and have more control over your business. In absence of an LLC operating agreement, the default state rules may apply to your company.

This template includes the essential provisions of an LLC operating agreement i.e.:

  • Formation
  • Rights and Duties of the Managers
  • Capital Contribution
  • Distribution
  • Additional Member
  • Dissolution


How to Use the Document?

This document should be used by all the members of the LLC. It is recommended to enter into an operating agreement during the startup phase of your business.

The details of the LLC, LLC members, capital contributions must be specified.

All the parties should sign and return a copy, and once signed, all the parties should get a copy. To avoid future disputes, parties may wish to have their signature witnessed.



Related Documents