Required in Alabama?
Yes, an operating agreement “shall be entered into either before, after, or at the time of the filing of the certificate of formation.” (Section 10A-5A-2.01(d))
By Type (2)
Single-Member LLC Operating Agreement – For the purpose of one (1) owner so that they may be able to write the everyday business practices while maintaining separate status from their personal activities.
Download: PDF, MS Word (.docx)
Multi-Member LLC Operating Agreement – For companies with more than one (1) owner to establish primarily the ownership and the business agreement between all of those involved with the entity.
Download: PDF, MS Word (.docx)
State Definition
Limited liability company agreement means any agreement (whether referred to as a limited liability company agreement, operating agreement or otherwise), written, oral or implied, of the member or members as to the activities and affairs of a limited liability company or series thereof. The limited liability company agreement of a limited liability company having only one member shall not be unenforceable by reason of there being only one person who is a party to the limited liability company agreement. The limited liability company agreement includes any amendments to the limited liability company agreement.