In order to help prevent courts from disregarding your LLC and “piercing the veil,” some formalities need to be maintained.  Implementing and following an up to date Operating Agreement is one of a few formalities courts expect for LLC owners to uphold.

This Multi Member Limited Liability Company Operating Agreement template can be used among the members of a limited liability company (LLC or company) to govern the operation of the LLC, including the members’ contractual rights, obligations, and restrictions relating to their membership interests in the company.

This template is based on the laws of Delaware.

IMPORTANT: Please consult a local attorney and remove any commentary or highlights before executing!

Last Update May 2021