It is important to create an operating agreement to separate your LLC from you as an individual, even if you are the sole owner (“member”) of your limited liability company (LLC). Without the formality of an agreement, the LLC would look a lot like a sole proprietorship -- which does not limit your personal liability for business debts.

The operating agreement for an LLC is similar to the bylaws of a corporation.

Important to Know:

• If your LLC has two or more members, don’t use this agreement. Instead, see  Form Your Own Limited Liability Company or  LLC Maker. The quickest, easiest way to form an LLC is to use Nolo's Online LLC Application. You can access your records anywhere, no matter where your business takes you.  
• You’ll also need to prepare "articles of organization," a public document you file with the state (the exact name varies from state to state). You’ll also need to prepare articles of organization, a public document you file with the state (the exact name varies from state to state). If you purchase Nolo's Online LLC Application, we'll file your articles of incorporation for you so that your LLC is legally recognized the day they're filed.

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