LLC Operating Agreement Templates for All 50 States
A well-drafted operating agreement defines how your LLC is managed, how profits are distributed, and what happens if a member leaves. Find the requirements and template guidance for your state below.
What an operating agreement covers
- Member ownership percentages
- Voting rights and decision-making
- Profit and loss distribution
- Manager vs. member-managed structure
- Procedures for adding or removing members
- What happens if the LLC dissolves
Templates published for all 50 states.
Single-member vs. multi-member operating agreements
Single-member LLC
- Sole owner — no partner disputes
- Simpler structure with fewer provisions
- Still protects personal liability
- Required by some banks to open a business account
Multi-member LLC
- Defines each member's ownership percentage
- Covers voting thresholds for major decisions
- Sets buyout procedures if a member exits
- Addresses deadlock resolution between members