A Louisiana limited liability company operating agreement should present the exact regulations and policies a company will adhere to. Over time, this can be a valuable resource for a company’s well-being, especially if the company is comprised of more than one member. Single-member Louisiana limited liability companies will also benefit by defining their membership, tax status, and policies internally as of a specific date.
Business owners would do well to complete their research before putting their company descriptions to paper; however, any changes needed to the structure or policies set by this contract can be amended according to Louisiana state law and the provisions contained in this paperwork.
Is it Required in Louisiana?
No. The State of Louisiana has no state laws requiring an LLC to implement an operating agreement.
Templates (2)
Single-Member LLC Operating Agreement – Needed by limited liability companies that have just one (1) member.
Multi-Member LLC Operating Agreement – Needed by limited liability companies with two (2) members or more.
State Definition
“(16) “Operating agreement” means any agreement, written or oral, of the members as to, or in the case of a limited liability company having a single member, any written agreement between the member and the company memorializing the affairs of a limited liability company and the conduct of its business.”
