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Apr 3, 2025 · An operating agreement is the governing contract adopted by members of a Limited Liability Company (LLC). It may be used to regulate nearly all aspects of the LLC’s affairs, including how the business is managed, how assets are used and how revenues are shared.

May 6, 2024 · An LLC operating agreement is a legal document that details the rules and regulations of a limited liability company (LLC) with regards to financial and functional decisions.

Jun 1, 2024 · In order to complete your Operating Agreement, you will need some basic information. The formation date of your LLC. The name and address of the Registered Office and Registered Agent. The general business purpose of the LLC. Member (s) percentages of ownership. Names of the Members and their addresses.

Apr 7, 2025 · LLC Operating Agreement Template. An LLC operating agreement template helps business owners protect their company, define ownership, and avoid legal risks. Without one, you could face disputes, financial uncertainty, or even personal liability.

Nov 25, 2024 · Download our LLC operating agreement template below or sign up to create a custom operating agreement using our free tool. Forming an LLC? Get a free operating agreement when you use Northwest to start an LLC for $29 (plus state fees).

Choose your state from the dropdown below. Many of these pages also include FREE state-specific operating agreement templates—and our forms library is growing fast! Need an operating agreement for a Wyoming Close LLC? How about a manager-managed California LLC?

LLC Operating Agreements list all Members to the agreement as well as their contribution amounts and ownership interest percentages. They also establish the general operating rules of your LLC, including how voting will work, buy-out provisions, and the management structure.