Looking for Operating Agreement template for your California LLC? If yes, then you have come to the right place. On this page, you can find a generic operating agreement which you can use and modify as per your business needs.
California is one of the few states in the US, where having an operating agreement is a must and it must adhere to CA Corp Code § 17701.01 – 17701.017.
Why you must draft an Operating Agreement for your LLC
An Operating agreement is a legal document which set fourths a set of guidelines for the LLC. It also protects the member(s) personal assets in case the business fails and can also help in better tax planning.
A properly written operating agreement includes duties of the individual member(s), capital investment, distribution of profits, voting rights of the member(s), a clause to buy the stake of partner and more. Unlike Article of Organization, an operating agreement is an internal document and must be kept along with business documents.
Below we’ve shared a generic template of California LLC Operating agreement. We recommend you to consult a CPA or an attorney before executing the same.
Download California (CA) Operating Agreement (PDF/DOC)
Based on the LLC type, 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