Required in Tennessee?
No — LLCs in Tennessee are not legally required to adopt an operating agreement.
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.
Download: PDF, MS Word (.docx), OpenDocument
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.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means a written agreement described in § 48-206-101 among the members concerning the LLC.[1]