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Washington D.C. LLC Operating Agreements (2)

A Washington D.C. LLC operating agreement establishes how a company is run and the relationship between its members. It should include terms regarding the officers, voting rights of members, and company ownership. The agreement is the only document that records the company's ownership, and it is recommended that each member keep a copy.
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By Type (2)


Single-Member LLC Operating Agreement – For LLCs with only one member. Accomplishes the same functions as an operating agreement for a bigger LLC, but consolidates power and responsibility in a single member.

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Multi-Member LLC Operating Agreement – For LLCs that will have more than one member. This agreement allows for the identification of multiple members and the assignment of their roles and obligations.

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State Definition

“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in § 29-801.07. The term includes the agreement as amended or restated.

Sample

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