An operating agreement is a document that allows the organizers of an LLC to establish the rules and regulations under which the company officials will be required to operate. Furthermore, it relays the provisions regarding the financial and logistical affairs of a company, a task which wouldn’t otherwise be accomplished without the use of such an agreement. It is not legally required that new domestic limited liability companies operate with the use of such a document and for this reason it won’t be necessary that you file it with the Secretary of State should you choose to draft one. Instead, it should be used as an internal document and filed within the company to serve as a point of reference if any confusion should arise. Feel free to download our template linked below, available in both MS Word and Adobe PDF formatting, to see if it wouldn’t be beneficial to your new limited liability company.