an llc operating agreement is the document wherein a limited liability company memorializes its rules and structure. that said, many states do not require llcs to create operating agreements. but that doesn’t mean you shouldn’t create one. keep in mind that no state requires an llc to file their bylaws or operating agreement with the secretary of state. now, here are the states that require you to create an agreement, with notes about each. california california llcs are required to have an operating agreement. if it’s written, the agreements—and all amendments to it—must be kept with the company’s records. missouri similar to california, missouri llcs must create an operating agreement, but it can be written or oral. maine in maine, an operating agreement must be entered into before, after, or during the time of filing for an llc.

with the help of business lawyers , you can craft an operating agreement for your multi-member llc or single-member llc in five easy steps. the best way to ensure that your operating agreement is legally sound is to consult the help of business lawyers. these professionals will help you make sure you include all the most important details, such as operating agreements are essential to keeping limited liability companies in alignment with state and federal law. from the university of florida and a j.d.

members may not receive interest on their initial contributions and are permitted the return of their initial contributions if expressly provided in this agreement or under the laws of [insert state here]. for any payment of funds from a member to the llc not specifically stated to be a contribution, that payment will be treated as a debt owed by the llc to the member. all members are agents of the llc and shall be entitled to act accordingly. upon the death or incompetency of a member, each of the other members shall be permitted to split, in equal parts, that member’s interest and purchase the same. other members of the llc will not be entitled to any profits from the individual activities of a member. members also owe a duty of disclosure to the llc and to other members.