By Type (2)
Single-Member LLC Operating Agreement – For use by a single owner to establish daily business practices, procedures, and other important business aspects.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies with more than one (1) member to assist in organizing a member-managed business by setting forth various regulations and policies.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means the agreement under Section 15-5 concerning the relations among the members, managers, and limited liability company. The term “operating agreement” includes amendments to the agreement.[1]