LLC Guide

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

Montana does not legally require an LLC operating agreement, but having one protects your limited liability status and sets the rules for ownership and profits. See exactly what to include below.
Edmond Hui

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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Montana LLC Operating Agreement — key sections

State Requirements

Required By Lawno
Must Be Filedno
Special RulesMontana 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

Next Step
Next: Understand your annual filing requirements
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