Are you looking for an Operating Agreement for your Tennessee LLC? If yes, then you have come to the right place.
On this page, you can find a professionally drafted operating agreement template which you can use and modify as per your business needs. And did we mention its totally FREE!
Before you go ahead with the download, here are a few points you should know:
What is an Operating Agreement?
An operating agreement is an internal document which highlights how the business will be governed. It outlines members ownership interest, roles and responsibility, voting rights and profit/loss distribution. Provision for buy-in and sell-out process of membership interest can be also made in the document.
Also, the agreement can be amended from time to time with the mutual consent of all member(s).
As per the Tennessee LLC laws (§ 48-249-203), the agreement is not mandatory. However, without the agreement, the LLC is governed by default LLC laws of the state. The default laws are very generic and may not be in the best interest of the firm. As a result, its always a good idea to draft an operating agreement as soon as you form your LLC.
A well-drafted agreement can address most of the common issues which any LLC would face. Also, the agreement can act as a shield protecting the personal assets of the business in case of any business liability.
Below we’ve shared a sample operating agreement for LLCs in Tennessee.
Download Tennessee 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: 04/01/2019