Are you looking for an Operating Agreement for your Alabama LLC? If yes, then you have come to the right place.
On this page, we’ve shared generic LLC operating agreement templates which you can use and modify as per your business needs.
Before we proceed,
What is an Operating Agreement & Why it’s important?
An operating agreement is a legal contract between the member(s) or manager(s) which outlines how the LLC will be governed. It highlights the responsibilities and obligation of each member, how the business will run, how the decisions will be made and how profit/loss will be distributed.
It also includes information on the dispute resolution process, buy-out/buy-sell provision and transfer of membership interest.
The operating agreement can be written, oral or implied. It’s generally in the best interest to have a written agreement drafted as it memorializes the initial understanding between the member(s). Although this agreement is not mandatory as per Alabama LLC laws, but not having it can put your business at risk.
Issues like disputes between the member(s) or disagreements can be easily handled using the agreement. It also gives an indicator that business has completed all the formalities. This helps in upholding the limited liability status of the LLC in case of any legal case.
Below we have shared a sample operating agreement for LLCs in Alabama. You can download and edit as per your business requirement.
Download Alabama (AL) LLC Operating Agreement (PDF/DOCX)
Based on the type of your LLC, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 02/01/2019