FREE 11+ Sample Operating Agreement Templates in Google Docs | MS Word | Pages | PDF

For a limited liability company or LLC , an operating agreement is absolutely critical. In fact, many US states actually require all limited liability companies to have an operating agreement, because it contains all information regarding the members who govern the LLC’s operations, not to mention the managerial and financial rights and duties of the same. The importance of the operating agreement comes from the fact that LLCs, by their very nature, are very flexible. These operating agreement sample might help.

• Sales Agreement Templates
• Employment Agreement Templates

Operating Agreement Template

Basic Operating Agreement

 LLC Operating Agreement Template

There’s nothing like a clear understanding of the rules to keep things as smoothly as possible. And that is exactly what an operating agreement provides you with. Take a look through these examples for a clearly understanding of how to put one together.

Restaurant Operating Sample Agreement Template

Operating Agreement Template

LLC Operating Agreement Template Free

joebarich.com

Partnership Agreement Template

vawcvs.org

Operating Agreement Template Single Member LLC

docracy.com

 Operating Agreement Template Word

toolsforbusiness.info

Operating Agreement Template for S Corp

paralegaltoday.com

 LLC Operating Agreement Template

northwestregisteredagent.com

 Business Operating Agreement Template

s3.amazonaws.com

Provisions of an Operating  Agreement

Why do you need an operating agreement? Well, for one thing, any LLC which operates without one will be governed by the default rules of the state. In many ways, the operating agreement is functionally similar to corporate by-laws, or the Sample Partnership Agreement Templates used by partnership firms.

* The entitlements, rights and powers of the members or managers are clearly defined.

* Capital accounts, distributions of Profit and Loss Templates , membership interest and allocated responsibility for tax, among others, are included.

* It provides the documentation that the individual owner has a legal entity separate from that of the LLC.

Characteristics of these Operating Agreements

As you can see from the given examples, any operating agreement should usually have a few defining characteristics.

* These are internal documents. They are put together by members of the company in order to state the specific rules which guide the running of the company.

* They are made to be flexible in nature so that amendments can be made to them at any time, at the discretion of the members or managers of the company.

If you have any DMCA issues on this post, please contact us!