Get an operating agreement for your business

An operating agreement establishes the “ground rules” for a Limited Liability Company. Our stand-alone Operating Agreement is ideal for newly formed LLCs or existing LLCs that need a set of company-specific operating rules.

 

Protecting Your Limited Liability Status

The main reason to make an operating agreement is to help ensure that courts will respect your limited personal liability. This is particularly key in a one-person LLC where, without the formality of an agreement, the LLC will look a lot like a sole proprietorship. Having a formal written operating agreement will lend credibility to your LLC’s separate existence.

Defining Financial and Management Structure

Co-owned LLCs need to document their profit-sharing and decision-making protocols as well as their procedures for handling the departure and addition of members. Without an operating agreement, you and your co-owners will be ill-equipped to settle misunderstandings over finances and management. What’s more, your LLC will be subject to the default operating rules created by your state law.

Overriding State Default Rules

Each state has laws that set out basic operating rules for LLCs, some of which will govern your business unless your operating agreement says otherwise. (These are called “default rules.”)

Many states, for example, have a default rule that requires owners to divide up LLC profits and losses equally, regardless of each member’s investment in the business. If you and your co-owners did not invest equal amounts in the LLC, you probably don’t want to allocate profits equally. To avoid this, your operating agreement must spell out how you and your co-owners will split profits and losses.

An operating agreement is an agreement among limited liability company (“LLC”) members governing the LLC’s business, and members’ financial and managerial rights and duties.[1] Many states in the United States require an LLC to have an operating agreement. LLCs operating without an operating agreement are governed by the state’s default rules contained in the relevant statute and developed through state court decisions. An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs. In single-member LLCs, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the individual owner and thus necessary so that the owner has documentation to prove that he or she is indeed separate from the entity itself.

Limited liability companies are very flexible in nature and the operating agreement defines each member or manager’s rights, powers, and entitlements. This includes capital accounts, membership interest, distributions of profit and allocated tax responsibility, etc. This internal document is an agreement set by the company members that contains provisions for critical items and rules that run the company. Operating agreements can be amended at any time by the company members or managers.

Standard Operating Agreement

$49flat fee
  • Unlimited Support – Phone, Chat, Email
  • Low Price
  • Fast Turnaround
  • 24/7 Document Access (Official PDFs)

How it works – How to Create An LLC (Limited Liability Company Requirements) for Online $45:

1. Complete our online form

Get started on our easy step-by-step form, or call us at 877-394-6299. Our experts are here to consult with you and walk you through the form.

2. We file the documents

We prepare and file the necessary paperwork with your state government. Our experts review each application to ensure accurate and correct filings.

3. Receive approved articles.

Once approved by your state, your approved articles of formation will delivered to you via e-mail or physical mail (varies by state). That’s it!

Why choose EZ Incorporate for your needs?

Get Approved or Your Money Back

Our experts review each application to make sure it is filed correctly.
Our experience ensures that your business name and application is approved. We ensure approval or your money back.

Fast Processing

We process and send out all applications within 24 hours of your order.
The processing time on the state’s side varies from state to state (usually 3-14 business days). We always complete our end within 24 hours.

Dedicated Lifetime Support

We provide phone, email, and live chat support to all our customers forever.
Got questions? Our support team works around the clock for you. We generally reply to all questions and inquiries same day.
I just wanted to say that these guys are awesome, and very very professional. I was WOWed with every interaction with customer service.

They resolved every question on the spot. If I knew what I was going to get before the order I would have gladly paid more it was that good.

Kevin Song, Dulcet Fashion Inc.
My business partner and I decided start an LLC with S corporation benefits and did not know the first thing about setting it up. After looking at the paperwork involved we were very unsure about doing it ourselves.

Thankfully we found EZ incorporate early on. They broke down the process into step by step pieces that were easy for us amateurs to understand.

Elmer Ramilo, R&E Electric
This is the most dependable and informative incorporation service out there.

No one else was willing to answer my 20 some questions and walk me through it step by step.

Go with EZ Inc. You’ll know you are in good hands after the first phone call

Henry F., Furealty LLC