A Nevada limited liability company operating agreement gathers company policies and levels of membership powers into a single document. Nevada does not demand that this contract is made, but it will require that every member agrees to its content before it can be considered legal and enforceable. As such, Nevada LLC members who have implemented this agreement can manage their company with the security of knowing that each one has provided their signature compliance to its content.
Is it Required in Nevada?
No. Nevada does not have any laws on the books mandating limited liability companies to put an operating agreement in place.
Templates (2)
Single-Member LLC operating agreement – The limited liability company contract signed between the company and its only member. This may only be used when the company has no more than one (1) member.
Multi-Member LLC operating agreement – The limited liability company contract signed between all members of the LLC and the company. May only be used by companies with at least two (2) LLC members.
State Definition
“Operating agreement’ means any valid agreement of the members as to the affairs of a limited liability company and the conduct of its business, whether in any tangible or electronic format.”
