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.
Have a multi-member LLC? Then you’ll definitely need this agreement to structure your business arrangement. Think of the Operating Agreement as your go-to guide for your LLC.
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
How do I use my Template?
Simple! Purchase this template, fill in a few blanks with your business information and you’re ready to go!
Upon purchase the downloadable template will be delivered to your email immediately. You may contact us with any questions regarding your order.
Can I edit the template?
Absolutely! The templates are provided as Word documents and are yours to edit at will. These templates are made to be simple, fill in the blank solutions to quickly fulfill your business legal needs.
Can I hire Legal Goodness? Is it a law firm?
Nope. Legal Goodness is not a law firm. It’s an online store created by an attorney that provides DIY legal templates, business guides and resources for small businesses, online brands and entrepreneurs.
Many small business owners find lawyers to be expensive, time-consuming and even intimidating. This is a less expensive do-it-yourself alternative to risky sub-par internet templates or going without legal protection if you’re not ready to hire an attorney.
Does the contract apply in my state? Are these templates only for U.S. based businesses?
The contract templates and website terms are based on general contract laws in the United States. The basic U.S. tenets of what forms a contract (offer, acceptance, something of value being exchanged, such as cash for services, etc.) are generally acknowledged and accepted by all U.S. states.
However, as each state has its own case law and statutes, our contract templates are easily editable if need be should you choose to hire an attorney to ensure state and local compliance.
If you cannot afford an attorney, these contract templates can provide the basic terms of an agreement between you and another party which is a lot better than a handshake deal!
And yes, these contract templates are intended for U.S. based business owners only.
What is the refund policy?
Due to the non-returnable nature of digital products, all products are sold as-is and are generally non-refundable. However, if you are having problems with your order, please contact us so that we may assist you.
May I share my contract template?
No ma’am. Each template provides the purchaser with 1 license per use. So while sharing is not allowed, feel free to direct your friends our way.
What if I have a problem with my order?
Please contact us so that we may assist you with issues with your order.
Legal Goodness is an online store that provides downloadable contract templates, website terms and business guides for those who choose to quickly and easily prepare their own legal and business documents.
Legal Goodness is not a law firm and will not provide legal services or legal advice on the use of its products. No attorney-client relationship is formed via use of this website for any reason including viewing content or purchasing products.
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