Updated April 26, 2022
A North Dakota multi-member LLC operating agreement is a legal document designed for entities with more than one (1) member. The document guides users in outlining the internal conduct, procedures, and policies of the company, among other important aspects of the business.
North Dakota does not require any entity to complete and file this document to operate within the state. However, it is recommended that all businesses consider the implementation of the document for the protection of the members who contribute to and manage the company. In the absence of such an agreement, the members will be left vulnerable in the event of litigious actions brought against the business and may be held responsible to pay claims. By implementing the document, members protect themselves from the liabilities of the company as well as gain access to tax benefits to which they would not otherwise be entitled.