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Tennessee LLC Operating Agreements (2)

A Tennessee LLC operating agreement is created by the members of a company to establish terms regarding company activities, ownership, and members' responsibilities. After the agreement has been signed, each member should retain their own copy, since no other document establishes ownership of the company.
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By Type (2)


Single-Member LLC Operating Agreement – For use specifically by a sole owner who would like to outline their policies and procedures and create the protective separation between their private assets and their company.

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Multi-Member LLC Operating Agreement – For use by companies with more than one (1) member who would be interested in setting forth their company policies in writing and offering protection to their members.

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State Definition

“Operating agreement” means a written agreement described in § 48-206-101 among the members concerning the LLC.

Sample

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