All formsCompany Information: Enter the LLC name, state of formation, and date of organization
Members: List all members with their ownership percentages and capital contributions
Management Structure: Define whether the LLC is member-managed or manager-managed
Distributions: Set the schedule and method for distributing profits to members
Voting: Specify voting rights (typically proportional to ownership)
Transfer Restrictions: Define rules for selling or transferring membership interests
Dissolution: Outline the events that trigger dissolution and the wind-down process
Businessdocx
LLC Operating Agreement
Federal & State Law Editorial TeamLast reviewed: April 2026
Internal governance document for an LLC that defines member rights, profit distribution, management structure, and procedures for adding or removing members.
DOCX TemplateUse the instructions below to complete this form
Instructions
Instructions
Note: Even single-member LLCs should have an operating agreement. It strengthens liability protection.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.