Partnership & LLCIllinois

Free Illinois Partnership and LLC Operating Agreement

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

419 wordsUpdated July 14, 2026

Who is this template for?

New business owners forming a multi-member LLC in Illinois who need a robust governance structure.
Existing Illinois partnerships transitioning into an LLC structure to limit personal liability.
Business partners seeking to define capital contributions, profit distribution, and dispute resolution mechanisms.
Entrepreneurs requiring a formal document to satisfy Illinois banking and regulatory requirements.

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1. FORMATION AND PARTIES

This Limited Liability Company Operating Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and among the following members: [MEMBER 1 NAME] of [ADDRESS] and [MEMBER 2 NAME] of [ADDRESS] (collectively, the "Members").

2. NAME AND PRINCIPAL OFFICE

The name of the limited liability company is [LLC NAME], LLC (the "Company"). The principal office of the Company shall be located at [ADDRESS], Illinois, or such other place as the Members may determine.

3. PURPOSE AND TERM

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 Illinois Limited Liability Company Act (the "Act"). The Company shall continue in existence until dissolved in accordance with this Agreement.

4. REGISTERED AGENT

The registered agent for service of process in the State of Illinois shall be [AGENT NAME], located at [AGENT ADDRESS].

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