This sample Operating Agreement describes the rules by which the Members agree to govern the company. Modify to suit your needs.
Texas Llc Without Operating Agreement
State:
Texas
Control #:
TX-PLLC-1
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Texas Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
Your Texas LLC Operating Agreement doesn't need to be notarized. Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legally binding document for all of you.
All LLC's should have an operating agreement, a document that describes the operations of the LLC and sets forth the agreements between the members (owners) of the business. An operating agreement is similar to the bylaws that guide a corporation's board of directors and a partnership agreement.
If you do not get an operating agreement, your LLC will be governed by the Texas Limited Liability Act. However, these statutes are skeletal in substance and clumsy in their application.
An LLC operating agreement is not required in Texas, but is highly recommended. This is an internal document that establishes how you will run your LLC. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.