Required in Maine?
Yes, an operating agreement “must be entered into or otherwise existing… either before, after, or at the time of filing a certificate of formation.” (§ 1531(1)(B))
By Type (2)
Single-Member LLC Operating Agreement – For use by a sole proprietor to properly establish all requirements by the state and to ensure that all of the benefits of the implementation of the document will also be in the best interest of the owner and the business.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies that will have more than one (1) member managing the company. The document would ensure that all of the appropriate information is provided to the State of Maine for proper implementation.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Limited liability company agreement” means any agreement, whether referred to as a limited liability company agreement, operating agreement or otherwise, written, oral or implied, of the member or members as to the affairs of a limited liability company and the conduct of its activities. A limited liability company agreement of a limited liability company having only one member is not unenforceable by reason of there being only one person who is a party to the limited liability company agreement. A limited liability company agreement includes any amendments to the limited liability company agreement.