LLC Operating Agreement

Solidify your business structure and purpose.

An operating agreement is an agreement among LLC members that defines how the LLC will be run about the business of the LLC and the rights and duties of its members. Once a document is signed by the members of the LLC, it acts as an official contract outlining the businesses financial and functional decisions.

Why choose MyCorporation to help you create your operating agreement?

Clearly outline the details of your business

Create a strong foundation for the management and membership of your business, and clearly define roles and responsibilities of the members.

Protect your personal assets

An operating agreement protects your assets and interest in the company. Without one, the owners of the business could be subject to personal liability.

20 Years of Experience

We truly care about the success of your business, and we have been honored to help over one million new businesses form and grow.

We take care of everything

We assist you with your operating agreement from start to finish, helping cover each key area for your business.

What is an operating agreement?

An Operating Agreement is an agreement among LLC members about its business and the rights and duties of its members. When you complete the incorporation filing process with MyCorporation, a sample Operating Agreement is always included with your initial formation kit. No matter what method you choose to form your business, an operating agreement is an important asset and the foundation of any LLC.

With over 20 years of experience forming LLCs in all 50 states, we have drafted and molded our customized operating agreement to be a suitable starting point for use by almost any kind business.

What kind of information does an operating agreement contain?

While the details contained in the operating agreement may vary, the general information outlined includes but is not limited to:

  • The LLCs business activities / purpose
  • Members of the LLC
  • Membership provisions
  • Tax and financial provisions
  • Capital provisions
  • Membership withdrawal and transfer provisions
  • Dissolution provisions

Is every LLC required to have an operating agreement?

While all LLCs are required to file an Article of Organization as part of the business formation, not all states require that an operating agreement must be drafted. In fact, many states have very few if any laws regarding written operating agreements or only require them in certain circumstances. However, it is highly recommended that every LLC draft a customized operating agreement to set forth the details of how it will be managed, otherwise the default state laws will be used instead.

Which states require an operating agreement?

Currently the states that require written operating agreements include Arkansas, the District of Columbia, Iowa (unless otherwise specified in the Articles of Incorporation), and New Mexico. Colorado, Connecticut, Georgia, and Kentucky require a written operating agreement only if the LLC has more than one member.

Where do I file an operating agreement?

LLCs do not actually file their operating agreement with any governing agency. Instead, once the operating agreement has been drafted and all the details agreed on by its members, each member will sign the final document, which can later be referred to at a later time should any legal / operational issues arise.

"Our goal has always been to make starting and maintaining a business easier for our customers."

Deborah Sweeney - MyCorporation CEO

Need additional assistance?

Contact our experts with any additional questions.


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Frequently asked questions

The Operating Agreement will be between 12 and 16 pages in length.

You will receive the certification of authority, Minutes of Meetings for members, and the entire Operating Agreement in printed form, as well as on CD-ROM so that the documents can be edited as needed.