Required in Idaho?
No. Idaho state law does not require businesses to implement an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For use by a business with only the owner serving as management, who would like to establish in writing the daily business and operating procedures.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by an entity with multiple members who would like to establish member-management policies and procedures in writing.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 30-25-105(a), Idaho Code. The term includes the agreement as amended or restated.