Are you looking for an Operating Agreement for your Ohio LLC? If yes, then you have come to the right place.
On this page, you can find a generic operating agreement template which you can use and modify as per your business needs.
Operating Agreement – Why is it so Important?
Every LLC, whether it’s a single member or multi-member should have an Operating Agreement. It is one of the most important piece of document for an LLC. The agreement is primarily drawn between the members(s) (or manager) which outlines their rights, duties, and obligations. It also covers the financial contribution by each member and how are profits and loss distributed.
As per Ohio state laws (O.R.C. 1705.081), drawing an operating agreement between LLC member(s) is not mandatory. However, if there is no written agreement in place then the default provision outlined under Chapter 1705 of the Ohio Revised Code governs the operation and structure of the LLC.
The statutory rules may not be in best interest of the firm. And it’s better to have the agreement made, to prevent any future issues.
A properly written agreement also safeguards the members from any personal liabilities arising due to the business operation.
Below we’ve shared a generic Ohio operating agreement for a single member, multi-member and manager managed LLC. The document is available in both PDF and Doc format.
Download Ohio 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