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North Dakota LLC Operating Agreements (2)

A North Dakota LLC operating agreement is a legal document that governs a company's operations. It sets rules, appoints officers, and records the company's ownership. After signing, the document is to be kept by all members and is not meant to be filed with any government office.
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By Type (2)

Single-Member LLC Operating Agreement – For use by a company with only one owner/member, in order to establish general operating procedures. The form creates a separation between the company and member, providing protection for the owner’s personal assets when/if the company should experience difficulties.

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Multi-Member LLC Operating Agreement – This document is designed for use by any company with more than one (1) member. This document shall establish the internal affairs, rules, ownership percentages of ownership, and more, that would be unanimously agreed upon by the members of the entity.

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State Definition

“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in subsection 1 of section 10-32.1-13 and includes the operating agreement as amended or restated.


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