LLC Operating Agreement
An LLC operating agreement is an agreement that specifies the rights and duties of the members; how the LLC will be managed; what number of votes is required for a particular action; who gets what share of the profits and losses of the LLC; what to do in the case of a dispute; when, how, and for what price a member can sell their ownership of the LLC; when and how the LLC can be dissolved; and more.
Our LLC operating agreements were last reviewed and updated in August 2008 by a licensed attorney.
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Once formed however, the LCC risks uncertainty of management and undesirable double taxation as a corporation without the adoption of a proper operating agreement by the owners of the LCC, who are called Members.
Do not put your trust in outdated operating agreements. We can offer you attorney-drafted, up-to-date operating agreements from an attorney who is experienced with LLC formations for both multi and single member LLCs.
Single Member LLC
Operating Agreement
A single member LLC operating agreement is for an LLC with only one member. Single member LLCs are permitted in all 50 states. Our single member LLC operating agreement is designed specifically for those with only one member.
Our professional LLC operating agreements cover the following general categories with the additional sub-categories:
| Articles of Organization |
Capitalization |
| Agent for Service of Process |
Contributions by Members |
| Business Purpose |
Failure to Contribute |
| Term |
Capital Accounts |
| Profits and Losses |
Withdrawals |
| Assignor and Assignee |
Limited Liability |
| Distributions |
Members and Management |
| Distributions Upon Liquidation |
Management |
| Transfer of Ownership |
Compensation |
| Withdrawal |
Meetings |
| Restrictions on Transfers |
Title to Assets |
| Triggering Events |
Banking |
| Marital Dissolution |
Dissolution and Winding Up |
| Death of a Spouse |
Dissolution |
| Option Period |
Winding Up |
| Purchase Price |
Deficits |
| Substituted Member |
General Provisions |
| Securities Laws |
Notices |
| Records |
Headings |
| Accounting |
Counterparts |
Purchase with confidence. Our LLC operating agreements are attorney drafted and updated on a regular basis. (See our posted regular updates). Fast and easy checkout, available for immediate download after ordering. Technical support is available 7 days per week should you need help accessing your forms.
1) Attorney-drafted agreements
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Ordering Options
- LLC Operating Agreement (multi-member)
- LLC Operating Agreement (single member)
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