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Oklahoma LLC Operating Agreements (2)

An Oklahoma LLC operating agreement establishes the operating procedures of a company. The agreement is created by the members of the company and includes provisions regarding how the company will be run and its ownership interest. Once completed and signed, a copy of the document should be held by each member.
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By Type (2)


Single-Member LLC Operating Agreement – This would be the document to be selected if the business has one owner and therefore one member to be placed under the LLC protections.

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Multi-Member LLC Operating Agreement – This form would be required for use by companies who have more than one member providing contribution to form one entity.

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State Definition

“Operating agreement,” regardless of whether referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, means any agreement of the members, including a sole member, as to the affairs of a limited liability company and the conduct of its business, including the agreement as amended or restated.[1]

Sample

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Sources

  1. § 18-2001(17)