Delaware Operating Agreement Template

The following delaware llc operating agreement covers important items in your delaware llc management.

Delaware operating agreement template. Delaware llcs are governed by title 6 chapter 18 delaware limited liability company act of the delaware statutes. Basic sample delaware series llc operating agreement operating agreements. This sample operating agreement for a delaware llc incorporates many of the asset protection concepts presented throughout the business owners toolkit. Delaware calls the formation documents of an llc a certificate of formation.

This is known as freedom of contract with regard to the llc operating agreement. 100 free delaware llc operating agreement for you. A delaware llc operating agreement is a legal document outlining the ownership and operating procedures of your llc. It provides for the issuance of voting capital and allows for the issuance of nonvoting capital.

Your delaware llc operating agreement is your companys personal property and is not required by us nor by the state of delaware to be filed publicly. Updated on jan 13 2017. Available in word pdf and googe doc. You can use our free tool to create your llc operating agreement or continue reading to learn more.

Its important to draft a comprehensive one as the main governing document of an llc is the operating agreement. The delaware llc act provides for maximum flexibility when drafting an llc operating agreement. A delaware llc operating agreement template sets forth all the pertinent sections a business needs to factor in their own business. The delaware llc operating agreement is a legal document that will guide the members in organizing the guidelines and procedures necessary to run a businessthe document is not required in the state of delaware however its highly recommended that the document is completed and kept on file by the managing membersowners.

California delaware maine missouri and new york. Designated office will be at 16192 coastal highway lewes delaware 19958 and the name of its initial agent for service of process at that address will be harvard business services inc. Free delaware llc operating agreement. An llc operating agreement is a legally binding business document that entails the ownership of its members how the company is managed and the structure of the llc limited liability companyit can provide details such as when meetings are held naming a registered agent selecting managers and addingdropping members.

Operating agreement member managed. Sample operating agreement for a delaware llc. To view a sample delaware series llc operating agreement please visit this link.