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Indiana LLC Operating Agreements (2)

An Indiana LLC operating agreement outlines how a company is structured, and its provisions govern ownership, officers, operations, and other business matters. The document must be signed by all members in order to go into effect, and each member should retain a copy of the agreement for their records.
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By Type (2)

Single-Member LLC Operating Agreement – This document is designed specifically for a single-member company. The document will establish the company in the same capacity as any other larger company with regard to operations and protections for the member and the business.

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Multi-Member LLC Operating Agreement – To be used by a company that has more than one member. This document is specifically designed to organize multiple-member companies, listing all members as well as their contributions and interests.

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State Definition

“Operating agreement” means any written or oral agreement of the members as to the affairs of a limited liability company and the conduct of its business that is binding upon all the members.


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