If you are planning to register an LLC in the District of Columbia or already have one, you may come across the term Operating Agreement. Simply put, this agreement acts a prenup for your business.
Why Operating Agreement is SO Important
It highlights how the business will be governed, how decisions would be made, how profit/loss will be distributed and so on. Without this agreement, the LLC will be governed by the default provisions set as per the state laws.
The default provisions are mostly not in favor of the LLC and thus it is always a good idea to get an operating agreement drafted for your LLC. A properly drafted agreement easily resolves common internal issues and provides an extra layer of protection in case of lawsuits.
The agreement also helps in upholding limited liability status of the LLC in case of a legal dispute.
Below we have shared a sample District of Columbia LLC operating agreement, which you can use and edit as per your business needs.
Download District of Columbia (DC) 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