By Type (2)
Single-Member LLC Operating Agreement – For use of a single owner of a business. This document is designed specifically for the purpose of outlining the business of a sole proprietor.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by entities with more than one member/owner to place into writing, with the unanimous agreement of all members, the outline of the agreement.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means any agreement, written or oral, of the member or members as to the conduct of the business and affairs of a limited liability company. In the case of a limited liability company with only one member, a writing signed by that member stating that it is intended to be a written operating agreement shall constitute a written operating agreement and shall not be unenforceable by reason of there being only one person who is a party to the operating agreement. A limited liability company is not required to execute its operating agreement and, except as otherwise provided in the operating agreement, is bound by its operating agreement whether or not the limited liability company executes the operating agreement. An operating agreement may provide enforceable rights to any person, including a person who is not a party to the operating agreement, to the extent set forth therein.
Sample
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