Required in Massachusetts?
No — The State of Massachusetts does not require businesses to use an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For use by a sole owner so that they may establish the purpose of the company and its policies and procedures.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by an entity that has more than one (1) member that will participate in the contribution and management of the company. With this document, the members shall have the ability to collectively set forth the policies and procedures for the management of the company.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement,” any written or oral agreement of the members as to the affairs of a limited liability company and the conduct of its business.