LLC operating agreements are written documents that set forth the ownership, governing and operational rules for LLC entities. They can vary tremendously and should be tailored for each limited liability company.
LLC operating agreements are not filed with the state. They are private documents that are kept with the official records of an LLC in the the principal business office of that LLC.
After an LLC is formed, the most important next step is for the owners of the LLC to adopt a written LLC operating agreement that everyone agrees to abide by. This document can be very simple (such as for a single member LLC) but it can also be very complex if necessitated by the ownership or governance structure of a particular LLC company.
Because this document is so integral to the life and the operations of an LLC business, it is recommended you seek the assistance of a competent LLC lawyer when crafting one for your business. If retaining a lawyer is not feasible or desired, make sure you start off with professionally drafted LLC operating agreement forms.
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