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  • Home
  • Who We Serve
  • Practice Areas and Fees
    • General Counsel Service
    • Business Law >
      • LLC Formation
      • LLC Operating Agreements
      • Close Corporation Formation
      • Corporate Bylaws
      • Close Corporation Agreements
      • Other Business Law Services
    • Business Contracts >
      • B2B Service Agreements
      • Contract Review and Advice
      • Customer Agreements
      • Financial Agreements
      • Joint Venture Agreements
      • Lease Agreements
      • Noncompete Agreements
      • Nondisclosure Agreements
      • Waiver and Release Agreements
      • Website Privacy Policies
      • Website Terms of Service
    • Business Sales >
      • Business Purchases and Sales
      • Letter of Intent
      • Purchase Agreements
      • Buy-Sell Agreements
      • Membership Interest Transfer Agreements
      • Business Succession & Disaster Planning
      • Business Dissolutions
    • Raising Money From Investors >
      • Private Placement Memorandums
      • Investment Agreements
    • Franchising and Business Opportunities >
      • Franchise Disclosure Documents
      • Franchise Agreements
      • Ohio Business Opportunity Plans
    • Nonprofit Law >
      • Nonprofit Formation
      • Co-op Formation
      • Tax Exempt Status
      • Nonprofit Governance
      • Nonprofit MOUs and Agreements
      • Nonprofit General Counsel Service
    • Intellectual Property >
      • Trademark Search
      • Trademark Registration
      • Trademark Maintenance
      • Copyright Registration
      • Work For Hire Agreement
      • Licensing Intellectual Property
      • Assigning Intellectual Property
      • Proprietary Information and Invention Assignment Agreements
      • Confidentiality Agreements
      • Intellectual Property Audit
    • Employment Law >
      • Employment Contracts
      • Employee Handbooks
      • Employment Policies
      • Independent Contractors
  • Adding Value
    • Legal Audit Checklist
    • Legal Dictionary
    • 7 Common Legal Mistakes
    • Succession and Emergency Planning Worksheet
    • Business Contracts: Review Checklist
    • Webinars >
      • HR 101: Managing the Growing Pains That Come With Growing Your Business
      • Hiring Independent Contractors
      • Legal Audit and Risk Assessment
      • Structuring a Social Enterprise
  • Bio
  • Blog
  • Scheduling
    • Prospective Client Scheduling
    • Existing and Former Client Scheduling
    • Networking Scheduling

LLC Operating Agreements

LLC Operating Agreement

Business Formation
LLC Formation
LLC Operating Agreements
S Corps
Close Corporation 
   Formation

Corporate Bylaws
Close Corporation 
   Agreements

Other Business Law
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What is an operating agreement?
An operating agreement is the formal governing document for an LLC. The operating agreement tells us who owns the LLC, what their percentage of ownership is, what they are required to contribute to the business, how management decisions are made, what happens if a member wants to leave the business, and even what should happen if there is a dispute between the members. 

Read more about why it is critical to have a well-drafted operating agreement.

Why does my single-member LLC need an operating agreement?
Even if you are the sole owner of your LLC, you still need an operating agreement:
  • Certain default rules in the state statute governing LLCs may not make sense for your business.
  • The operating agreement serves as a basic guide for keeping the business legally compliant.
  • It may be required by your bank or other third parties to confirm the business’s structure or ownership.
  • Some banks require the operating agreement (and will not accept your personal power of attorney) to decide who gets access to any business bank accounts.
  • Having (and following) the operating agreement can help protect you in the event of a business lawsuit.
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Maritza and their team have provided my small business with expert and personalized legal advice at an affordable rate. They are incredibly generous with their time and expertise and I feel much more confident that I am running my business in a legitimate, professional manner and that my assets are protected.
Jennifer Fultz

LLC Operating Agreements
  • ​​Single Owner or Spouses: $625
  • Multiple Owners: $1,859
  • ​Multiple Ownership Classes / Vesting Restrictions / Silent Partners / Investors): $4,450
Review and Advice: Get attorney recommendations and counsel to protect your personal interests; editing or re-drafting the agreement or bylaws is not included.
  • Multiple Owners: $700
  • Multiple Ownership Classes / Vesting Restrictions / Silent Partners / Investors: $1,375

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The information contained on this website is not legal advice or legal opinion and should not be relied upon. Furthermore, nothing contained in this website is intended to create or establish, and does not constitute, an attorney-client relationship. 

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