An Oklahoma limited liability company agreement gathers the predetermined conditions, privileges, and responsibilities of the members making up the entity. This can prove invaluable since this contract can definitively name the members who are allowed and not allowed to take actions such as vote, managing, and committing the company.
Members of the Oklahoma LLC should review and sign the agreed-upon terms of the operating agreement only if they approve of its provisions and are encouraged to seek legal advice before doing so.
Is it Required in Oklahoma?
No. There are no current laws on the books in Oklahoma that make an operating agreement a required document to run an LLC in this state.
Templates (2)
Single-Member LLC operating agreement – The agreement that should be used by limited liability companies that are forming or operating in the state of Oklahoma and have only one member on their roster.
Multi-Member LLC Operating Agreement – The contract that Oklahoma limited liability companies use to establish their roster and membership powers when the company is made up of two or more members.
State Definition
“‘Operating agreement’ means any agreement of the members as to the affairs of a limited liability company and the conduct of its business.”
