• June 2019
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LLC
Operating Agreement
Lawyers

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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

Brett M.

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Brilliant service. Lawyer appointed was very efficient, professional and quick. The whole incorporation process was very smooth. Looking forward to working with LawTrades again.

Tamas P.

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Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.

Chet R.

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It easy, convenient & since the funds are released after the project completion, everyone looks forward to meet deadlines.

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Amazing service, i cant get over texting to get a lawyer. it's revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.

Anderson V.

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The response time was amazing, from the first time I entered my mobile continuing with some texts with the para. So easy, I started my process on a Saturday and had an appt for a consultation with an atty on Tuesday. I didn't have to speak with anyone to arrange the meeting and it was all managed over text. Atty has great reputation and was super responsive.

Kristen C.

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I was really nervous about finding a legal mind to review my contract, but using LawTrades was very straightforward and the staff were very attentive and helpful at each stage. I would definitely recommend to anyone looking for simple legal help.

Melanie W.

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Because the most difficult part of finding a lawyer was removed from my worries. I was able to focus on my business. Scheduling and the free consultation were also valuable giving me a piece of mind knowing I get to evaluate the lawyer before moving forward with them. The project managers were proactive, and made sure to reach me through all forms of communication as needed. Finally, my lawyer was very resourceful and I will be referring back them for more business.

Abhi S.

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LawTrades was very user-friendly. I contacted them on a Saturday afternoon and was scheduled for a phone appointment that Monday evening. My attorney, Philip H., designed a thorough Terms of Service and Privacy Policy for my website that was directly tailored to my business. The project was completed on time and to my expectations. I will definitely use this service again. Thank you very much Philip!

What people
are saying

(100+ Positive Reviews)

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Reviews

Ester, W.

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

Bruce C.

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

Yucel, T.

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I got my questions answered. And I even learned two vey useful things which I wasnt aware of.

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.