LLC Operating Agreement Template
Starting an LLC? Make sure you have an operating document that governs how your business will run!!
When you start a business it is important to determine how your business will run and even if your business is created of only 1 individual, creating an operating agreement brings credibility to your LLC.
What is an Operating Agreement?
The LLC operating agreement is a legal document that outlines the ownership and member duties of an LLC. This agreement allows your business to set out the financial and working relations among business owners ("members") and between members and managers.
Why an Operating Agreement?
An LLC operating agreement establishes guidelines for an LLC in the same way that articles of incorporation govern the operation of a corporation.
Some states require businesses to have an Operating Agreement
An operating agreement will help prevent misunderstandings by setting clear expectations about partner roles and responsibilities.
Credibility to your business.
An attorney-client relationship is not formed by the purchase of this template. You should consult with an attorney before you conduct any business deals with this template. The Rigsbee Law Firm, PLLC makes no guarantees with the use of this template. We strongly recommend hiring an attorney for your business contracts. This template is a starting point in creating a service contract for your business. Your business may not need all clauses represented and your business may need additional clauses. All information in this document is informational only and is NOT legal advice.