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South Carolina LLC Operating Agreements (2)

A South Carolina LLC operating agreement is a legal document that establishes how a company will conduct its operations. The agreement also includes information regarding ownership interest, initial loans, capital contributions, and other business matters. Any changes made to the agreement must be reflected in an added amendment.
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By Type (2)


Single-Member LLC Operating Agreement – For use by a sole proprietor who will establish the procedures and policies of their company, as well, take advantage of the protections the document offers.

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Multi-Member LLC Operating Agreement – For use by companies that will have more than one (1) managing member to agree upon various company policies and procedures among other aspects of the business. The members will have the opportunity to access protections that the document will offer all members.

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State Definition

“Operating agreement” means the agreement under Section 33-44-103 concerning the relations among the members, managers, and limited liability company. The term includes amendments to the agreement.

Sample

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