After a limited liability company has finished their filing with the Secretary of State, it is in their own best interest that they draft and utilize an operating agreement to detail the manner in which their company shall operate. This legal document is used to establish the relations between members of the LLC as well as the rights and responsibilities of each manager. This agreement is not a legally required document and it needn’t be filed with the state upon its creation. However, a copy should be signed and filed by each managing member to be kept for their own personal reference. We have provided a free template, available in both MS Word and PDF.

How to (Video)