The signed agreement
We draft it with your members named, you all sign it online, and it's kept in your documents. A bank asks for it when it wants to see who controls the company.
The private contract between an LLC's members: who owns what, who runs the company, how profit is shared, and what happens if someone leaves. We draft yours from your order, send it to sign online, and keep the signed copy in your documents.
Checked by the BaseAcross team.
Who owns what, who runs the company, how profit is paid out, and what happens when any of that changes.
Most of it deals with how the company runs from day to day. It lists the members and the share each one owns. It says who manages the company, whether that's the members themselves or a manager they appoint, and who's allowed to sign for it. It records the money each member put in and whether anyone has to add more, and it sets how and when profit gets paid out.
The rest covers the questions nobody wants to think about on day one. Can a member sell their share, and do the others get the first chance to buy it? What happens if a member resigns, dies or is bought out? Where are the books kept, and who gets to see them? And if the company closes, who is paid what? It's much easier to settle all of that now, while everyone agrees, than to argue about it later.
| By plan | Launch$249 a year | Operate$199 a month |
|---|---|---|
| Operating Agreement, drafted for your members | Included | Included |
| Sent for electronic signature, kept in your documents | Included | Included |
In your documents, never with the state. The members can amend it whenever they agree.
You never file it with the state. It stays in your documents, and you show it to banks, to investors and, if it ever came to that, to a court. If yours is a single-member LLC, you still need one. It's part of the evidence that the company is separate from you, with rules of its own, and a court looks at that if anyone tries to hold you personally responsible for the company's debts.
You can change it whenever the members agree to. A new member joining, or one leaving, is recorded as an amendment rather than a filing. A corporation doesn't have an operating agreement at all. It gets bylaws and the first board consents instead, which do the same job. Either way, the signed copy sits in your documents next to the formation certificate and the EIN letter.
We draft it with your members named, you all sign it online, and it's kept in your documents. A bank asks for it when it wants to see who controls the company.
When a member joins, leaves or is bought out, the members amend the agreement. Nothing gets filed with the state. Keep the signed amendment with your company documents.
If yours is not here, email us at hello@baseacross.com before you order.
It's the private contract between the members of an LLC. It says who owns what share, who runs the company, how profit gets paid out, and what happens if someone leaves or the company closes. Wyoming and Delaware don't make you file it, but banks will ask to see it.
Yes. The state won't ask for it, but your bank will. It's also what shows the company is separate from you, and your protection from the company's debts depends on that separation.
You do, once, as the sole member. With one member it reads less like a deal between people and more like the company writing down its own rules, which is what a bank wants to see.
No. It's a private contract between the members. It stays in your documents, and you show it to banks, investors and, if it ever came to that, a court.
Yes. The members can amend it whenever they agree to, and a member joining or leaving is recorded the same way. Keep the signed amendment with your company documents.
A corporation doesn't have an operating agreement. It gets bylaws, which say how the board and officers work, and the first written consents, which appoint them and issue the founders' stock.
It takes about four minutes. You see the whole order, state fee included, before anything is charged.
You're startingLLC · WY
Start a companyLaunch · $249 + $102.40 Wyoming · Same day