As per Connecticut state LLC statutes, it is not required by law to execute an operating agreement between the LLC member(s). But not having one can put your business at risk. On this page, we’ve provided a generic operating agreement template which you can use and edit it as per your requirement.
Without Operating Agreement – Your business may be at RISK
Without the agreement in place, the default statutes would govern the LLC in case of any conflict crops us. And the default statutes in most cases would be doing you more harm than good.
Now, that you understand the importance of this agreement, here are the points that a typical agreement should cover:
1) Name/Address of the member(s), Manager (if any) and registered agent
2) Capital contribution by each member
3) Voting rights / Non-voting rights
4) Profit/Loss distribution
5) Non-Compete Clause
8) Provision of buyout/transfer of membership interest.
Below we’ve shared a sample Connecticut operating agreement, which you may use for your LLC.
Download Connecticut (CT) LLC Operating Agreement (PDF/DOCX)
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