Investor agreement template limited liability company llc

What we’ll cover

• About LLC Operating Agreements
• LLC Operating Agreement FAQs
• LLC Operating Agreement checklist
• LLC Operating Agreements by state

What is an LLC Operating Agreement?

An LLC Operating Agreement describes the operating rules of a Limited Liability Company. LLC Operating Agreements list all Members to the agreement as well as their contribution amounts and ownership interest percentages. They also establish the general operating rules of your LLC, including how voting will work, buy-out provisions, and the management structure.

Although they are not required by all states, Operating Agreements help guide business decisions and as a result, many LLCs can benefit from these documents even when they are not required.

When can you use an LLC Operating Agreement?

• Your state requires you to have an LLC Operating Agreement.
• You need to define your LLC as a separate entity from yourself.
• You want to outline how your business will operate.
• You're forming an LLC and will be seeking funding.

Take the next step: Register your LLC now

Many business owners opt to register their LLC after creating an LLC Operating Agreement. If this sounds like you, Rocket Lawyer can make your next step easy.

With Rocket Legal+, you can get fast, personalized support to start your LLC. Your first registration is FREE*, and you can keep your LLC compliant with HALF OFF professional services for trademarks, taxes, and more. *See details

Sample LLC Operating Agreement

The terms in your document will update based on the information you provide

Related documents

Rocket Lawyer members who started a free LLC Operating Agreement also made:

Ask a lawyer

Start your LLC Operating Agreement now and get Rocket Lawyer FREE for 7 days

Get legal services you can trust at prices you can afford. You'll get:

Trusted and secure

Legal sources

Find the sources and laws relevant to your LLC Operating Agreement below:

• Home
• Legal documents
• Sign documents
• File taxes
• Incorporation
• Business filings
• Ask a lawyer
• Lawyer directory
• Pricing
• Legal resources
• Mobile apps
• Site map
• Do not sell or share my personal information

• Register an LLC
• Register a C-corp
• Register a S-corp
• Register a nonprofit
• Get a registered agent
• Business name generator

• Register a trademark
• File a DBA
• File an annual report
• File Articles of Amendment
• File Articles of Dissolution

• Group legal benefits
• Join our attorney network
• Partner with us
• Get access to our APIs
• Careers

• About us
• Newsroom
• Contact us

• CHAT WITH US 〉

• Call us Monday-Friday 6am-6pm PT

Copyright Rocket Lawyer Incorporated.

Rocket Lawyer is an online legal technology company that makes the law simpler and more affordable for businesses, families and individuals. Rocket Lawyer has helped over 20 million businesses, families and individuals make legal documents, get attorney advice, and confidently protect their futures.

Legal information and other services are delivered by or through Rocket Lawyer via RocketLawyer.com. Please note that Rocket Lawyer is not a "lawyer referral service," "accountant referral service," accounting firm, or law firm, does not provide legal or tax advice or representation (except in certain jurisdictions), and is not intended as a substitute for an attorney, accountant, accounting firm, or law firm.

The Utah Supreme Court has authorized Rocket Lawyer to provide legal services, including the practice of law, as a nonlawyer-owned company; further information regarding this authorization can be found in our Terms of Service.

Use of Rocket Lawyer is subject to our Terms of Service and Privacy Policy.