An operating agreement is designed to relay the logistical and financial affairs of an LLC as well as the rules and regulations under which the company officials will be required to operate. It should be noted that, in the state of Vermont, there is no statute that requires LLCs to file a document of this nature with the Secretary of State. Instead, the agreement should be used as a blue print for the organization of the business’s internal affairs. Take the time to review the template below, available in Adobe PDF and MS Word formatting, to determine whether or not it would  benefit your entity. Because of the complex nature of this document, it’s advisable that you have your attorney review the contents of the agreement before having the applicable parties sign off on it, effectively putting it into effect.