Delaware limited liability company agreement form

Delaware LLC Operating Agreement document preview

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What is a Delaware LLC Operating Agreement?

A Delaware LLC Operating Agreement is a legal document that outlines how a Delaware LLC will be run. Delaware LLC Operating Agreements list all LLC owners (known as “Members”), their contribution amounts, and their ownership interest percentages. They also establish the general operating rules of your LLC, including how voting will work, buy-out provisions, and the management structure.

When can you use a Delaware LLC Operating Agreement?

Is an LLC Operating Agreement required in the state of Delaware?

Yes, Delaware LLCs are required to have an Operating Agreement.

The Delaware Code states, "A limited liability company agreement shall be entered into or otherwise existing either before, after or at the time of the filing of a certificate of formation and, whether entered into or otherwise existing before, after or at the time of such filing, may be made effective as of the effective time of such filing or at such other time or date as provided in or reflected by the limited liability company agreement."

Topics not expressly outlined in your Operating Agreement are governed by Delaware Code Title 6 Ch. 18: Delaware Limited Liability Company Act (Delaware Code Title 6 § 18-101 – 18-1208).

Take the next step: Register your LLC now

Many business owners opt to register their LLC after creating an LLC Operating Agreement. If this sounds like you, Rocket Lawyer can make your next step easy.

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Sample Delaware LLC Operating Agreement

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