LLC Operating Agreement Template
An LLC operating agreement is a contract between you as the owner of your LImited Liability Company and the business itself. If you do not have an operating agreement in place, your LLC will be governed by your state LLC statute. With an operating agreement for your LLC, you will have more control over how your LLC is managed, and what you can and can't do as the owner of your LLC.
Some of the issues that your operating agreement will handle include:
- Who owns and manages the LLC;
- How the LLC is managed;
- How the LLC is taxed;
- How and when profits of the LLC will be distributed;
- Where the LLC will be located;
- What you will do if there is a dispute between members;
While an LLC Operating Agreement is not legally required, and you certainly do not need to file your Operating Agreement with the State, it is a vitally important legal document that will prevent a piercing of the corporate veil, and may also be required on a moment's notice for a variety of financial transactions.
Note: this operating agreement can be amended for multi-member LLCs, but is intended for single-member LLCs
- Legal Template Features
- Legal Disclaimer
Every template is prepared by an attorney at The Hart Law Firm, P.A. These contract templates are attorney drafted and reviewed, and created specifically with online entrepreneurs in mind.
This template is created with easy-to-use fill-in-the-blanks for your unique business. We make it simple for you to to identify what information you need to input with highlighted, editable sections.
Once you have finished editing your document, you can quickly copy/paste it into your client management software. You can edit the document as you wish, share it with your attorney for review, or even convert it to a PDF to insert into your favorite online signature software.
No complicated legal terms. Just easy to understand clauses and contract language.
Free updates. When we update this contract, we will notify you, free of charge and provide you with an updated contract template.
I live in Canada, the UK, the European Union, Australia, or somewhere else that is not within the United States. Can I still use your contracts?
While OSL contracts are suitable for all United States and its territories, they are not meant to be used in coutries other than the United States. If you live outside of the US, please do not purchase these contracts unless you are willing to have them reviewed by legal counsel in your personal jurisdiction.
That being said, if you own an LLC or Corporation that is registered in the United States, and all of your clients/customers are located in the United States, then these contracts will generally be applicable. However, we still recommend that you check with an attorney to confirm that the template you purchase meets all local rules in your country.
What is your refund policy?
We are fairly confident that you will be happy with the contract templates you purchase from us. However, we also understand that after you receive your template, it may not be 100% appropriate for your business. That's why we offer a 14-day, no questions asked, money-back guarantee. If you have any issues with your template at all, please let us know and we will work with you to make it right or else issue you a full refund.
Legal Disclaimer: By purchasing a template contract and/or document from The Hart Law Firm, P.A. d/b/a Hawthorn Law, you are not given access to any attorney and no attorney-client relationship is created.
All of our DIY legal template documents are drafted using general U.S. contract principles and are not state-specific. By purchasing this contract, you will get access to a easy to complete online questionnaire that will allow you to quickly create a customized legal contract for your business. After completing the questionnaire, you will be able to download an editable document that you modify on your own or find an attorney in your local jurisdiction to help you.