LLC Operating Agreement
The LLC Operating Agreement is the foundation of your LLC. It lays out the legal terms that govern your business by outlining how your LLC is run and each member’s rights and responsibilities.
Whether you have a single-member LLC or a multi-member LLC, the Operating Agreement is where everyone will look for guidance when there is a major business issue.
This Template contains:
- Member Information (names, contact info, initial contribution to LLC)
- Ownership (% that each member owns of the LLC)
- Distribution (when & how profits are distributed)
- Management & Voting (how decisions are made)
- Dissociation / Member Removal (remove members who don’t pull their weight)
- Taxes & Recordkeeping (how to stay compliant)
- Member Indemnification (protect members acting in the LLC’s best interest)
- Selling Your LLC Interest (ready to move on? how to sell your interest in the LLC)
- And so much more!
- Who is this Template for?
- Calling all LLC Owners!
- Business Owners who have an LLC without an Operating Agreement
- Multi-Member LLCs who need an Operating Agreement to define ownership and management for their members