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Kentucky LLC Operating Agreements (2)

A Kentucky LLC operating agreement outlines the policies that govern a business. It is not required under state law; however, it is the only document that records the ownership of the entity. Like a partnership agreement, any items to be agreed upon by the members should be included. A copy does not need to be filed with the Secretary of State.
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By Type (2)


Single-Member LLC Operating Agreement – For a sole proprietor who would like to provide an outline of their business and acquire the protections and benefits that the document provides.

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Multi-Member LLC Operating Agreement – For companies that will have more than one member participating in the management of the business.

Download: PDFMS Word (.docx)OpenDocument

 

 

State Definition

“Operating agreement” means any agreement, written or oral, among all of the members, as to the conduct of the business and affairs of a limited liability company. If a limited liability company has only one (1) member, an operating agreement shall be deemed to include:

  • (a) A writing executed by the member that relates to the affairs of the limited liability company and the conduct of its business regardless of whether the writing constitutes an agreement; or

  • (b) If the limited liability company is managed by a manager, any other agreement between the member and the limited liability company as it relates to the limited liability company and the conduct of its business, regardless of whether the agreement is in writing.”

Sample

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