What is included in an operating agreement?

Written By Stevaughn Bush

What is an Operating Agreement?

An operating agreement is a key legal document created by members when forming a limited liability company (LLC), outlining its structure, management, and operational procedures. It serves as a binding contract detailing ownership, responsibilities, profit distribution, meeting procedures, membership guidelines, voting rights, ownership transitions, tax considerations, and transfer provisions.

  • Benefits include:

  • Liability protection for members

  • Clarity in organization and operations

  • Customization to meet LLC-specific needs

  • Prevention of default state rules

While valuable, it is just one of several formation documents you need, including certificates of formation and bylaws. Our office can effectively address any legal questions about operating agreements. If you have any questions, please fill out the following form below and a Business Lawyer from our office will get back to you.

Stevaughn Bush
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