Sample llc partnership operating agreement

What we’ll cover

• About LLC Operating Agreements
• LLC Operating Agreement FAQs
• LLC Operating Agreement checklist
• LLC Operating Agreements by state

What is an LLC Operating Agreement?

An LLC Operating Agreement describes the operating rules of a Limited Liability Company. LLC Operating Agreements list all Members to the agreement as well as their contribution amounts and ownership interest percentages. They also establish the general operating rules of your LLC, including how voting will work, buy-out provisions, and the management structure.

Although they are not required by all states, Operating Agreements help guide business decisions and as a result, many LLCs can benefit from these documents even when they are not required.

When can you use an LLC Operating Agreement?

• Your state requires you to have an LLC Operating Agreement.
• You need to define your LLC as a separate entity from yourself.
• You want to outline how your business will operate.
• You're forming an LLC and will be seeking funding.

Take the next step: Register your LLC now

Many business owners opt to register their LLC after creating an LLC Operating Agreement. If this sounds like you, Rocket Lawyer can make your next step easy.

With Rocket Legal+, you can get fast, personalized support to start your LLC. Your first registration is FREE*, and you can keep your LLC compliant with HALF OFF professional services for trademarks, taxes, and more. *See details

Sample LLC Operating Agreement

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