An operating agreement is a key document used by Limited Liability Companies (LLCs) because it outlines the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners. Once the document is signed by the member(s) of the LLC, it acts as an official contract binding them to its terms.
LLCs are formed with a single member or multiple member structure. This template is drafted specifically for a mutiple member LLC using common management structure, rules, and provisions. Guided customization creating an easy to edit template.
LLC Operating Agreement (Multi-Member)
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