LLC Operating Agreement
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Generate a comprehensive operating agreement for single-member or multi-member LLCs. Customize management structure, profit sharing, and member rights.
An LLC Operating Agreement is the foundational document that governs how your limited liability company operates. It defines ownership percentages, member rights and responsibilities, profit distribution, voting procedures, and what happens if a member leaves or the company dissolves. While not required in all states, having an Operating Agreement is essential for protecting your limited liability status and preventing disputes between members.
Member-Managed: All members participate in daily operations and decision-making. Best for small LLCs where all owners are actively involved. Each member typically has authority to bind the company. Manager-Managed: Designated managers (who may or may not be members) handle operations while other members remain passive investors. Ideal for LLCs with silent partners, investors, or when you want to separate ownership from management.
Even single-member LLCs benefit from an Operating Agreement. It reinforces the separation between you and your business, documents your management procedures, and prepares for future members. This generator creates appropriate agreements for both single-member and multi-member LLCs, with provisions tailored to your ownership structure.