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Ohio LLC Operating Agreements (2)

An Ohio LLC operating agreement is a legal document between the owners (members) of a company that sets the rules on how it will operate and establishes members' ownership interests. The agreement should include terms regarding officers, member responsibility, capital contributions, and how profits will be distributed.
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By Type (2)


Single-Member LLC Operating Agreement – For use by a single owner who would like to outline the procedures and policies for their company. With the completion and filing of the document, the owner will separate themselves from their business, relieving them from any concerns with regard to their private assets.

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Multi-Member LLC Operating Agreement – For use by entities that will have more than one (1) member. The document, upon completion and filing with the State, shall provide the needed separation between the owners and the company, in the event that any legal financial obligations should present themselves.

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State Definition

“Operating agreement” means all of the valid written or oral agreements of the members or, in the case of a limited liability company consisting of one member, a written declaration of that member, as to the affairs of a limited liability company and the conduct of its business.

Sample

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