Partnership & LLCIllinois

Free Illinois LLC Operating Agreement

Download a professional Illinois LLC Operating Agreement template. Compliant with the Illinois Limited Liability Company Act. Protect your business today.

285 wordsUpdated May 7, 2026

Who is this template for?

New business owners forming a multi-member LLC in Illinois to define ownership and management roles.
Single-member LLCs seeking to establish corporate formalities to maintain liability protection.
Partners looking to establish clear dispute resolution and exit strategies for their Illinois-based venture.
Existing LLCs needing to formalize their internal governance to comply with state requirements.

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1. ORGANIZATION

This Operating Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and among the members listed in Exhibit A (the "Members"). The Members have formed a Limited Liability Company under the Illinois Limited Liability Company Act (the "Act").

2. NAME AND PRINCIPAL OFFICE

The name of the Company is [LLC NAME], LLC. The principal office of the Company shall be located at [ADDRESS], or such other place as the Members may determine.

3. PURPOSE

The purpose of the Company is to engage in any lawful business for which a limited liability company may be organized under the Act. The Company shall have the authority 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 in accordance with the provisions of this Agreement or the Act.

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