Montana LLC Operating Agreement: Free Template & Complete Guide
Protect your business with a comprehensive operating agreement. Get our free template and learn Montana's requirements for 2026.
By Edmond Hui · Last updated: June 2026

Edmond Hui · Founder, MyStateLLC
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.
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State Requirements
| Required By Law | no |
| Must Be Filed | no |
| Special Rules | Montana follows the Revised Uniform Limited Liability Company Act, which provides default rules when no operating agreement exists. While not required, an operating agreement is strongly recommended to override these default provisions and establish custom management and operational procedures. |
What to Include in Your Operating Agreement
Ownership & membership
Define each member's ownership percentage and capital contributions. This section establishes who owns what portion of the LLC and prevents disputes over equity distribution.
Management structure
Specify whether your LLC is member-managed or manager-managed. This determines who has authority to make decisions and bind the company in contracts and daily operations.
Voting rights
Outline how decisions are made, including voting thresholds for major decisions. Establish procedures for member meetings and what constitutes a quorum for valid votes.
Profit/loss allocation
Detail how profits and losses are distributed among members and when distributions occur. This section is crucial for tax purposes and member expectations about returns.
Member duties
Define each member's roles, responsibilities, and any restrictions on their activities. Include provisions about confidentiality, non-compete agreements, and fiduciary duties.
Dissolution process
Establish procedures for dissolving the LLC, including triggering events and asset distribution. This protects all members by providing a clear exit strategy and preventing costly disputes.
Amendment procedures
Specify how the operating agreement can be modified in the future. Include voting requirements and documentation procedures to ensure changes are properly authorized and recorded.
Frequently Asked Questions
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