Required in Michigan?
No. Michigan state law does not require LLCs to implement an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For use by sole proprietors who would like to prepare and file the document within their state to establish procedures, policies, and purpose of their single owner company.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies who have more than one (1) member who would like to collectively establish, by unanimous agreement, full company policies and procedures. They will also have the ability to establish member and financial protections.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means a written agreement by the member of a limited liability company that has 1 member, or between all of the members of a limited liability company that has more than 1 member, pertaining to the affairs of the limited liability company and the conduct of its business. The term includes any provision in the articles of organization pertaining to the affairs of the limited liability company and the conduct of its business.