An operating agreement is similar in nature to the corporate bylaws and partnership agreements as it is used to outline the governing member(s) managerial duties and financial rights. Included in this form should be information detailing each member’s capital contributions as well as necessary information regarding registering agents, company name, location etc. Each member must agree to the form’s terms and conditions and sign on the final page. While this document it is not required by law in the state of Arkansas, it is still highly recommended that one be filled out after filing for registration. We have supplied an agreement template on this webpage, available in both MS Word and PDF formats.