An operating agreement LLC form, whether a fillable PDF or a printed template, is a list of blanks with clause text around them, and the blanks are the part that is yours: the members and their contributions, the shares, the reserve, the distribution rule, the thresholds for a vote and an amendment. The clause text is the drafter's and this site does not publish it. What this page does is walk the blanks a form asks for in order, say what each one is arithmetic on, and point at the free worksheets on this site that work and print the numbers so a form can be filled in with figures that agree with each other. It publishes no rule about which form your state accepts.
The blanks that are facts: name, state, members, contributions
The first page of any form asks for the company's name and state, the members' names and addresses, and what each contributed, valued and dated. Those are facts the members supply, and the contribution figures are the ones the rest of the form is worked from. Entered on the operating agreement worksheet, three contributions return three shares on the page, which is the next blank the form asks for.
The blanks that are arithmetic: shares, distributions, thresholds
Ownership percentage, the reserve the company keeps, each member's distribution on a given profit and the percentage a major decision needs are all numbers that should be worked, not remembered. The worksheet works them from the contributions and the profit and reserve you enter, and prints the result, so the figures typed into a PDF are the same figures the members agreed. A single member fills a different set of blanks, the capital account through draws, and the single-member worksheet works those.
The blanks that are decisions: management, admission, amendment
Whether the company is member-managed or manager-managed, what it takes to remove a manager, how a new member buys in and at what valuation, and what vote amends the agreement are decisions the members make, written as thresholds. The manager-managed and amendment worksheets turn a threshold into the capital and the members it takes and work a new member's share and everyone's dilution, so the decision blanks are filled with numbers the members have seen worked.
What a printed worksheet is and is not
Every worksheet on this site prints straight from the browser with the figures worked, and LLC Lane Pro puts the company's name and logo on it and keeps it against the company. It is a schedule of numbers to attach to or transcribe into the agreement; it is not the agreement, carries no clause text, and does not tell you which operating agreement form your state's filing office or your attorney will accept.
Questions people ask about operating agreement llc form
Is there a free operating agreement PDF on this site?
The worksheets print as PDF with the numbers worked; they carry no clause text. The agreement's wording, in a form for your state, is your attorney's or a template provider's.
What does an LLC operating agreement form ask for?
The company's name and state, the members and their contributions, ownership shares, how profit and loss are split and what reserve is kept, management and voting thresholds, how members join and leave, amendment, and signatures.
Can I fill a form with the worksheet's numbers?
That is what the worksheets are for: shares from capital, distributions after a reserve, the vote a decision needs and a new member's dilution, worked from your figures so the blanks agree with each other. Whether the form itself fits your state is a question for counsel.