LLC
Operating Agreement
Lawyers

Sign-up to meet
lawyers now

Get started with a free legal assessment to identify your organization’s strengths and potential legal gaps.organization’s strengths and potential legal gaps.

BUSINESS FORMATION

Define and protect your new company.

Protecting your trademark can pay dividends. It’s also your brand and your reputation. You’ve established is associated with these different brand elements: your name, logo, and tagline.

Ensure compliance


Save money long term
You get much more

Avg price range

Costs largely depend on the complexity of the project, location, and other details. Speak with our experienced project managers to get an exact price based on your unique project requirements. 

*Estimates shown
  • LLC Operating Agreements

$250 - $700 avg.

LawTrades
Traditional Large Firm

Why an operating agreement

Think of an LLC operating agreement for a limited liability company as a prenuptial agreement for your business. It provides owners a detailed framework for various business and functional issues that may arise. An operating agreement can be handy in defining the roles and responsibilities of its members, allocating ownership percentages, explaining management procedures, establishing annual meeting guidelines, and setting forth details regarding change in ownership or winding up of the LLC. By talking with your members and creating an operating agreement with a simple LLC lawyer, you’ll avoid costly and time-consuming disputes as your business grows.

The benefits

Ensure Compliance 

Some states require LLCs to maintain an operating agreement. Other states have even more rules for LLCs. Either way, an operating agreement facilitates compliance by jam-packing all of those rules, and your company’s adherence to them, into a single agreement. 

Save money long term 

A well-written LLC operating agreement should guide your company in the right direction. As such, the price to pay to have an LLC lawyer draft you an agreement can end up being a fraction of what can happen by not implementing an operating agreement.

You get much more 

Because an LLC operating agreement delves into the heart of your operations, hiring an LLC lawyer to draft your operating agreement will usually lead to helpful hints on other matters. 

Reviews

Joel G.

⭐⭐⭐⭐⭐
Everything was very streamlined; I tried contacting a "regular" law firm before setting up a LawTrades account, and they didn't even respond to me (even months later). LawTrades was so fast that I wasn't even prepared for it. Good stuff.

Stuart G.

⭐⭐⭐⭐⭐
Excellent, straightforward service which was simple to use particularly when under a tight deadline.

Lori L.

⭐⭐⭐⭐⭐
I am so thankful to have located Law Trades. As an indie publisher, I have a tight budget and help with legal documents can "break the bank". Law Trades offered a reasonable price - suitable for a small business like mine. The service was extremely professional and I was able to receive the legal document I needed in less than 1 week.

What people
are saying

(100+ Positive Reviews)

⭐⭐⭐⭐⭐

Reviews

Joey C.

⭐⭐⭐⭐⭐
So far has been an excellent experience. My LawTrades attorney is excellent at what he does, has fair pricing, and is as excited to work with our company as we are to build it. LawTrades also has excellent customer support, and I've enjoyed using your interface as well to track invoices. The only thing I would want is the ability to delete projects, and to use your website on my tablet. Other than that, great work. Keep it up! I've already mentioned you to other founders and colleagues!

Christian C.

⭐⭐⭐⭐⭐
I found LawTrades through an eNewsletter called The Hustle, right around the time I was filing for some trademarks. I thought it would be a good opportunity to try out this service. It was SO EASY. LawTrades hooked me up with a Trademark Lawyer who was very knowledgeable, and he had GREAT COMMUNICATION skills. I felt like my business was in great hands, and I've already recommended a few colleagues to use LawTrades. I will definitely use them again, the next time I require legal services. Yes!

Azeem K.

⭐⭐⭐⭐⭐
I NEVER post reviews but these guys are on to something. I've used the service a few times and it's awesome. For things that my lawyer would charge me a ton of $ for, I'm able to do at a fraction of the price and manage all of my open items through the system. The lawyers on there are pre-vetted and great to work with, haven't had any issues. They also offer other free resources like contract templates, best practices, etc. I recommend them to my friends when I can.

Frequently asked
questions

The state governing my LLC does not require an operating agreement, should I still have one drafted?
Absolutely. An operating agreement can be extremely effective in helping you run your business. Aside from it serving as a rulebook for your company, having an operating agreement looks good in court. By having an operating agreement, you are signaling to the court that your LLC is indeed separate and apart from yourself. Also, without an operating agreement, an LLC must follow the default rules in its state for things like the allocation of profits and losses.
Should I purchase an operating agreement on a template provider website?
An operating agreement should be tailored to your LLC. The agreements found on these boilerplate websites are standardized and may leave out important terms specific to your LLC. An operating agreement should serve as your LLC’s playbook so it’s imperative for it to be custom drafted by an LLC lawyer to address your company’s uniqueness.
What are some terms to include in an operating agreement?
It’s important to include the LLC’s purpose, the roles of its members (titles and day-to-day responsibilities), the person in charge of the LLC’s accounting, ownership interests, profit-sharing breakdown between the owners, voting rights of members, rules for meetings and voting, and rules for member withdrawal and dissolution.
What’s limited liability protection?
It’s the biggest reason why people choose to incorporate their businesses. It provides owners protection from their personal assets against creditors’ claims. As long as the owners truly treat their business as a separate entity, they retain such protection.
Can members change the terms in an operating agreement?
Yes, an operating agreement can be amended if every member agrees and signs the updated operating agreement.