Required in South Carolina?
No — Businesses in South Carolina are not legally required to implement an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For use by a sole proprietor who will establish the procedures and policies of their company, as well, take advantage of the protections the document offers.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies that will have more than one (1) managing member to agree upon various company policies and procedures among other aspects of the business. The members will have the opportunity to access protections that the document will offer all members.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means the agreement under Section 33-44-103 concerning the relations among the members, managers, and limited liability company. The term includes amendments to the agreement.