LLC
Operating Agreement
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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

Ester, W.

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Very helpful in connecting me to the right lawyer with the right expertise. Highly recommended!

Chris M.

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Working with my lawyer assign Jon H. was very easy and seamless. He was quick, attentive and answered my questions and concerns in a timely manner. Definitely recommend you and his services.

Jill J.

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Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me.

Ori A.

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Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.

Hassan A.

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It was so easy to manage through the text interaction when I got started. It was easy, fast and painless. I am very impressed

Kris G.

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Ease of use, professionalism of staff, and the exceptionally fast service. My LLC was formed overnight! Outstanding. I highly recommend LawTrades and Bradley Rothschild, Esq.

Janet S.

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Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.

Abrar K.

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We had Ryan for our parent attorney he was wonderful! Fast and efficient! Arman was also very helpful anytime we had a question we could call at anytime.

What people
are saying

(100+ Positive Reviews)

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Reviews

Karen, K.

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My attorney, Roy Gross is highly responsive and very thorough.

Heinrich, T.

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Exceptionally good service.

Bruce C.

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Fast, seamless, elegant platform; a world-class attorney handled our case quickly, perfectly and affordably. Thanks Lawtrades!

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.