Are you looking for an Operating Agreement template for your Wisconsin LLC? If yes, then you have come to the right place.
On this page, we’ve shared a generic operating agreement which you can use and modify as per your business needs. The agreement was drafted by an experienced attorney and covers most of the important points.
Before you go ahead and download the templates, here are a few things you should know:
Why is Operating Agreement Important?
An operating agreement acts as a prenup for your business. It lays out a set of framework to resolve any functional or financial issue that may arise while running the business.
Note: As per Wisconsin state laws, LLCs in the state do not require an operating agreement. However not having one can put your business at huge risk.
Having an operating agreement can save you from any dispute that may arise in the future.
Generally, the agreement covers the following information:
1) Roles of each member and percentage ownership
2) Capital contribution and allocation of profit/loss
3) Provision of buying/selling membership interest
4) The process to add a new member to the firm
A well-written operating agreement not only protect the member(s) from internal conflicts but also act as a shield in court proceedings. Moreover, banks usually require a copy of the agreement for the opening of the bank account.
Below we’ve shared generic operating agreement for LLCs in Wisconsin. You can edit them as per the understanding between the member(s).
Download Wisconsin 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: 04/01/2019