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Michigan LLC Operating Agreements (2)

A Michigan LLC operating agreement outlines how a company will function and includes each member's ownership interest. Once the document is written, it must be signed and kept by each member. If any changes are made to the agreement, an amendment must also be signed by all members and attached to the original document.
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By Type (2)


Single-Member LLC Operating Agreement – For use by sole proprietors who would like to prepare and file the document within their state to establish procedures, policies, and purpose of their single owner company.

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Multi-Member LLC Operating Agreement – For use by companies who have more than one (1) member who would like to collectively establish, by unanimous agreement, full company policies and procedures. They will also have the ability to establish member and financial protections.

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State Definition

“Operating agreement” means a written agreement by the member of a limited liability company that has 1 member, or between all of the members of a limited liability company that has more than 1 member, pertaining to the affairs of the limited liability company and the conduct of its business. The term includes any provision in the articles of organization pertaining to the affairs of the limited liability company and the conduct of its business.

Sample

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