🏢 LLC Operating Agreement Generator

An LLC Operating Agreement is the foundational governance document for a Limited Liability Company. It defines ownership percentages, member rights and responsibilities, voting procedures, profit and loss distribution, and what happens when a member leaves or the LLC dissolves.

Every LLC should have an operating agreement — even single-member LLCs. Some states (California, New York, Missouri, Maine, Delaware) legally require one. Without it, your LLC is governed by default state LLC statutes, which may not reflect your intentions.

• Even if your state doesn't require it, an operating agreement protects your limited liability by proving your LLC is a legitimate separate entity.
• Single-member LLCs still benefit from an operating agreement — it separates your personal assets from business assets.
• Specify exactly how profits and losses are allocated — don't rely on default equal-split rules.
• Include a buyout clause defining what happens if a member wants to exit or passes away.
• Review and update your operating agreement whenever ownership percentages or management structure changes.