Create an LLC Operating Agreement for Free
If you are a small business person, who needs an LLC Operating Agreement created quickly and affordably, you can use a service like lawdepot.com, which offers do-it-yourself legal documents. You create the LLC Operating Agreement using an online questionnaire that guides you through the process. An online template like this is probably most appropriate for simple Operating Agreements, such as those for a single member or a married couple.
The questionnaire consists of drop down menus, check boxes and text boxes that you fill in with the appropriate information. Once you have filled in the information, you can print or save the document. To print or save the document, you must create an account and provide a credit card. You can use the lawdepot.com service for free for one week. You must cancel within one week to avoid being charged $33 a month in fees.
How the LLC Operating Agreement Works
Before filling in the LLC Operating Agreement questionnaire, you must gather all needed information, such as:
- Company name and purpose
- Main office
- Membership classes, if you have more than one
- The names and addresses of each member
- Capital contributions by each member, dollar value of the contribution and the delivery date
- Profit and loss distribution
- Where and when meetings will be held and how voting will work
Once you have all of the necessary information, you fill in the form and the LLC Operating Agreement will be created for you. Choose the free option to access your LLC Operating Agreement. You must provide a credit card and cancel within one week to avoid charges.
To protect yourself legally, you should have the Operating Agreement reviewed by an attorney to ensure that it has been done correctly. Click here to view the questionnaire.
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