An Indiana limited liability company operating agreement is a contract that acts as a reference and guideline for how an LLC conducts business. Limited liability companies benefit from the execution of this agreement since it will plainly state an Indiana LLC’s membership roster, company tax filing status, and company rules.
To further add power to the execution of this contract, members are advised to be fully informed of its content, to consult with a professional regarding their obligations, and to submit to the notarization process when signing this paperwork.
Is it Required in Indiana?
No. No state laws in Indiana hold a limited liability company responsible for making or maintaining a written operating agreement.
Templates(2)
Single-Member LLC Operating Agreement – To be used by an LLC with just one (1) member.
Multi-Member LLC Operating Agreement – Used only by LLCs with two (2) members or more.
Download; Adobe, PDF, MS Word
State Definition
“‘Operating agreement’ means any written or oral agreement of the members as to the affairs of a limited liability company and the conduct of its business that is binding upon all the members.”
