Corporate documents
Operating agreement.
The internal rulebook every LLC needs. Without it, default state law decides how your company runs, who owns what, and what happens when someone leaves.
What it is.
An Operating Agreement is the internal document that defines how an LLC actually runs.
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Why you need one.
In several states, the formation documents do not record ownership percentages or membership shares.
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What we draft for you.
We draft the full agreement based on your specific company and your specific partners.
Discover moreWhat it is.
An Operating Agreement is the internal document that defines how an LLC actually runs. Membership, management, voting rights, capital contributions, profit distribution, and what happens when a member leaves are all written in this single document.
Corporations use a different name for the same thing, called Bylaws. The function is identical: the founders' contract with each other about how the company operates day to day.
Without an Operating Agreement, your state's default LLC statute decides everything. Default rules rarely match what founders actually want, and they almost never match what the business needs.
Why you need one.
In several states, the formation documents do not record ownership percentages or membership shares. The Operating Agreement is the only place those numbers exist legally.
It is also a document many US banks require before opening a business account. Without it, the founder shows up to the bank with proof the company exists but no proof of who owns it or who can act on its behalf.
And when something goes sideways, a partner wants out, a bank asks who can sign, an investor wants to come in, the agreement is what every other party reads first.
What we draft for you.
We draft the full agreement based on your specific company and your specific partners. Every clause is reviewed with you before signature. The result is a document the founders actually understand, not a template they signed without reading.
- Membership structure and ownership percentages
- Capital contributions and member loans
- Profit and loss distribution rules
- Voting rights and management authority
- Member admission, withdrawal, and buyout terms
- Dispute resolution and dissolution provisions
Once signed by every member, the agreement is binding. We deliver a digital copy and the original signed counterparts.
Details
What's included in your Operating Agreement
- Document review of formation paperwork
- Customized clause drafting per your structure
- Walk-through of every clause with the founders
- Coordinated signature process for all members
- Digital copy and original signed counterparts
- Available in any of the 50 states
Questions
Frequently asked
Can I add custom internal clauses to the document?
Yes. The document's required structure and essential clauses must remain, but additional clauses for your specific situation can be added on top.
How is the document drafted?
Under the official structure used in the United States. We start from the company and partner documents you already have, draft the agreement, and walk you through every clause before signature.
How long does it take to deliver?
Once we have the founding documents and the partner information, the agreement is typically delivered within 5 to 7 business days.
Do all members need to sign it?
Yes. The agreement only takes effect once every member has signed. We coordinate the signature process so it happens in a single round.
Can the agreement be amended later?
Yes. The agreement can be amended at any time as long as the change is approved by the percentage of members specified in the agreement itself.
Ready when you are.
Tell us what you need. Our team takes it from there. Twenty-four years of doing exactly this.
Draft your agreementContinue