Contract template · LLC Operating Agreements

Free LLC Operating Agreement Template

An LLC Operating Agreement is the LLC equivalent of a partnership agreement. It governs ownership percentages, voting rights, profit distributions, and what happens when a member wants out. Many states don't legally require it — but going without one is malpractice.

What's in a LLC Operating Agreement?

A typical llc operating agreement covers the following key clauses:

Member ownership percentages
Capital contributions and additional calls
Profit/loss allocation and distributions
Manager-managed vs member-managed
Transfer restrictions on membership interest
Dissolution and winding up

Pick your industry

We've prepared an industry-tailored version of the LLC Operating Agreement for each of the 20 industries below. Click your industry to see the industry-specific considerations and a downloadable template.

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Legal disclaimer: This template is provided for general informational purposes and is not legal advice. Laws vary by state and country, and contract enforceability depends on specifics that this template can't anticipate. For high-stakes contracts, consult a licensed attorney in your jurisdiction.

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