Operating Agreements

Operating Agreement

In addition to being governed by the laws of the state or jurisdiction in which it is organized, an LLC is also subject to a set of internal rules set forth by the member or members of the LLC. An operating agreement governs the membership, management, operation, and distribution of income of the LLC. It also provides key information about the LLC such as the purpose of the company, the management of the company, the names and addresses of the members, and the capital contributions of the members. An operating agreement is a way for the LLC to override default rules by a state's LLC act relating to the voting power of each member.

CorpAmerica can customize an operating agreement for all 50 states for both single and multiple member LLCs. We provide this service regardless of whether the LLC was originally formed through CorpAmerica.  We will ask you to provide some simple information about your LLC and will customize an operating agreement using that information.

Who May Request My Operating Agreement?

  • A Bank
  • An Attorney
  • A person or business with which you are dealing
  • Members or investors

Placing an Operating Agreement Order

To place an operating agreement order, simply contact a business specialist at 877-246-2462 (toll-free) or 302-636-5448.   You can also email us at info@corpamerica.com with any questions about the process.  We will need:

  • The current name of the company
  • The state in which it was formed
  • The purpose (business activity) of your company
  • The names and addresses of the members/owners
  • The names and addresses of the managers
  • The capital contributions and ownership percentage of the members/owners
  • Your shipping address (mail or e-mail) for delivery of the paperwork
  • Your payment authorization for the $100.00 document preparation fee

Operating Agreement FAQs

1. Do all LLCs need to have an operating agreement?

Operating Agreements are strongly encouraged. They are similar to a partnership agreement in a general partnership, or to bylaws in a corporation.

2. If I am the only owner of an LLC, do I need an operating agreement?

In single member LLCs, the operating agreement helps to prove that the LLC is separate from the individual owner by outlining the structure of the company.

3. After I purchase my operating agreement from CorpAmerica, can I make changes to it?

You are free to make any changes to the operating agreement within the bounds of the law. We will send you the operating agreement as a Microsoft Word document to facilitate any necessary changes.

Did you know?

You must file a "Doing Business As" (DBA or fictitious name) filing with each local jurisdiction where you conduct business when using any name other than the original name designated in your Articles of Incorporation or Certificate of Formation. CorpAmerica can assist you with a DBA filing in any state.