Partnership & LLCGeneral US

Free General US Partnership and LLC Operating Agreement

Download a comprehensive, professional US Partnership and LLC Operating Agreement template. Fully customizable, legally sound, and ready for business use.

243 wordsUpdated June 2, 2026

Who is this template for?

New business partners forming a multi-member LLC to define ownership and management roles.
Existing partners looking to formalize their internal governance and dispute resolution procedures.
Small business owners seeking to protect personal assets through a structured operating agreement.
Joint ventures requiring a clear framework for capital contributions and profit distribution.

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1. PARTIES

This Operating Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and among [MEMBER 1 NAME] of [ADDRESS], [MEMBER 2 NAME] of [ADDRESS], and any other persons who may become members of the Company (collectively, the "Members").

2. FORMATION

The Members have formed a Limited Liability Company (the "Company") under the laws of the State of [STATE]. The name of the Company is [COMPANY NAME], LLC. The principal office of the Company shall be located at [ADDRESS].

3. PURPOSE

The purpose of the Company is to engage in [BUSINESS DESCRIPTION] and any other lawful business activity permitted under the laws of the State of [STATE].

4. TERM

The Company shall continue in existence until dissolved in accordance with the provisions of this Agreement or applicable law.

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