Those organizing a new, domestic limited liability company in Tennessee would be wise to consider drafting an operating agreement at some point during the registration process. Although not required by law, this agreement will serve as a legal binding document, effectively relaying the various rules and regulations under which the company’s operators will be required to operate. As the Articles of Organization contains very little in the way of the internal organization of a company’s finances and logisticsthe operating agreement is in many ways the single most significant legal document regarding an LLC. Below you will find a free template available in both MS Word and Adobe PDF formatting to assist you in drafting a quick and straight forward agreement.