Why use DraftDesk?
- Complete LLC operating agreement
- Member-managed or manager-managed options
- Custom ownership percentages
- Profit and loss allocation
- Transfer restrictions and buyout provisions
- State-specific language
What's included
- Formation and organization details
- Members and ownership percentages
- Capital contributions
- Management structure
- Voting rights and procedures
- Profit and loss allocation
- Transfer restrictions
- Dissolution provisions
Frequently Asked Questions
Is an operating agreement required for an LLC?
Most states don't legally require it, but it's strongly recommended. Without one, your LLC is governed by default state rules that may not suit your needs.
Can a single-member LLC have an operating agreement?
Yes, and it's highly recommended. A single-member LLC operating agreement helps maintain liability protection and establishes business legitimacy.
Can I modify the operating agreement later?
Yes, operating agreements can be amended by member vote. The process for amendments should be specified in the agreement itself.