Required in Maryland?
No. Limited liability companies in Maryland are not required to implement an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For use by sole proprietors or single owners so that they may establish various procedures, policies, etc. This agreement would be entered into between the owner of the business and the agreement itself.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies who will have more than one (1) contributing, managing member to properly and collectively establish the policies and procedures within the company. All members must be in unanimous agreement prior to the application of signatures within the document.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating Agreement” means the agreement of the members and any amendments thereto, as to the affairs of a limited liability company and the conduct of its business.”