Required in Montana?
No — implementing an operating agreement is not mandatory for businesses in Montana.
By Type (2)
Single-Member LLC Operating Agreement – For use by entities that shall be operated by a sole proprietor (single owner), so that they may establish both operations and member protections.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – This document shall be used by companies that have more than one (1) member who would like to establish the necessary aspects of the business to keep the company running well and to acquire the protections needed for the contributing members.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means an agreement, including amendments, as to the conduct of the business and affairs of a limited liability company and the relations among the members, managers, and the company that is binding upon all of the members.