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.

230 wordsUpdated June 15, 2026

Who is this template for?

Two or more business partners forming a new LLC to define ownership and management roles.
Existing partners looking to formalize their internal governance and dispute resolution processes.
Small business owners seeking to protect personal assets through a clear, legally binding operating agreement.
Startups requiring a structured framework for capital contributions, profit distributions, and exit strategies.

Template Preview

1. PARTIES

This Limited Liability Company 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 subsequently be admitted as 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] by filing Articles of Organization with the Secretary of State. The name of the Company shall be [COMPANY NAME].

3. PURPOSE AND POWERS

The purpose of the Company is to engage in [BUSINESS DESCRIPTION] and any other lawful business for which a limited liability company may be organized under the laws of the State of [STATE]. The Company shall have the power to do all things necessary or convenient to carry out its business and affairs.

4. TERM

The term of the Company shall be perpetual, unless dissolved earlier in accordance with the provisions of this Agreement or applicable law.

Continue reading — download the full template free.

Preview ends here. Download the full template below.

Free General US Partnership and LLC Operating Agreement Template | Download Now | TermScore