LLC Operating Agreement Template
Governs ownership, contributions, management and profit splits of a limited liability company.
Use this free llc operating agreement template to create, fill in and sign a llc operating agreement online. Send to the other party for a legally binding signature — tamper-evident audit trail included.
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LLC OPERATING AGREEMENT
This Operating Agreement of [company name], LLC ("Company") is entered into on [date] by its members.
1. Formation
The Company is a limited liability company formed under the laws of [jurisdiction]. Its principal place of business is [company address].
2. Members and Contributions
The members and their capital contributions and ownership percentages are: [members and shares].
3. Management
The Company is [management type] (member-managed or manager-managed). Decisions require approval of members holding a majority of ownership unless stated otherwise.
4. Profits and Losses
Profits and losses are allocated to members in proportion to their ownership percentages. Distributions are made at the times the members decide.
5. Governing Law
This Agreement is governed by the laws of [jurisdiction].