LLC Operating Agreement: Free Template + Video Walkthrough

LLC Operating Agreement Free Template + Video Walkthrough. An Operating Agreement is a legally binding document that outlines in detail the rights and responsibilities of the members of the LLC and how the business will operate.
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👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk
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Intro: (0:00)
What is an LLC Operating Agreement: (0:42)
Why operating agreements are important: (1:09)
How to write an LLC Operating Agreement: (1:52)
Free LLC Operating Agreement Template: (16:35)
Outro: (17:14)
Link To Free LLC Operating Agreement: bit.ly/2TQ1Itk
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[@breew2968]

THANK YOU! I'm a visual learner, so this was so helpful to see you do it yourself! You introduced a useful online resource, did a step-by-step tutorial, and it was helpful to hear your commentary about why you selected each option in the template.

[@LYFEAccounting]

Bree, thanks so Much for sharing your comment. This is why we do it. I hope this takes you far

[@mytimewithgod6140]

Agree

[@user-eh4yt7gb2o]

As a new business owner converting and taking all the necessary steps to be up and going in the most effective, efficient manner, I appreciate these videos.

[@holleelifestyles2844]

This was Amazingg! There are companies trying to charge $100 on top of their LLC formation services for something that is FREE. So glad I saw this first! Thanks Keran for reviewing this. HNY!

[@thefutureapocalypse]

THANK YOU, THANK YOU for explaining by breaking the info down into simple visual format.

[@flippingforreal109]

Thank you so much for sharing this video, I am starting an LLC this year in 2024 and I am trying to understand everything before I do it. 🥰

[@purplebutterfly4277]

Thank you for the simple step by step walk through!

[@panamafred1]

Thank you! You pulled back the curtain on a mysterious requirement!

[@amateur_feet_world2233]

very helpful, step by step, no fluff, just what i needed. Big thanks to you and the LYFE accounting group

[@thomasaquinas601]

Thanks for all your videos. They've been very helpful.

[@user-kx9le4sg1s]

I really appreciate your videos! They are easy to understand, you explain everything perfect and include great examples! God bless you and your team!

[@Salriaraj20]

Thanks, Dear for sharing step-by-step info on the operating agreement.

[@winniejean2442]

Thank you for this! I’ve been looking for a break down and this was chefs kiss mwah

[@denisetaylor8279]

Perfect! Just what I needed. I love this channel, especially the jokes.

[@renebirdow9895]

Thanks for that information. I really appreciate it.

[@sanfree1513]

I am starting my own consulting company and I needed this type of guidance - thank you!!! hands on support always welcomed

[@dtsai]

You guys have the best videos!

[@mel_ohh]

This was very helpful, thank you. I used the site to create several contracts!

[@ch0lito]

WOW this is a great and excellent video, specially for us the visual learners, thanks for sharing.

[@corteljackson6569]

Dude your actually amazing 🔥

[@VicSmith]

I have a passion for this information and this youtube channel.
Glad yall exist.
Nothing but love.

[@LYFEAccounting]

❤️

[@Anthony-du3he]

Thanks bro! Really saved me time and aggravation! Thanks for takint the time to make this

[@Mrspesosxoxo]

Thank you this was very helpful.

[@ariesko319]

Thank you so much fam! this was super helpful. I owe you a cup of coffee if you ever in LA.

[@IndigoSparklz]

You are awesome!!! Thank you for your terrific presence, articulate presentation and positive encouraging energy! Learned so much after feeling intimidated and feeling like this was kinda 'confrontational.' Smile

[@LYFEAccounting]

Love that for you Lisa. Thanks for watching and glad it was helpful.

[@danieldecarvalho6073]

Thank you so much! You guys are doing a fantastic job! I have learned a lot from you all! Just a question: This year I have opened an LLC SM company in Georgia. Am I allowed to run two different activities with this LLC single-member? Should I include this in my operating agreement?

[@GojiCenter]

This is dope. thanks for sharing!

[@LYFEAccounting]

You bet! Thanks for watching.

[@shatonakersey3622]

Thank you for sharing!

[@donzellgordon557]

Thank you, this was incredibly helpful!

[@LYFEAccounting]

Glad it was helpful!

[@simplycherry23]

Thank you so much so helpful
🙏🏾

[@dofdestiny10]

That was great to learn what items mean, thank you!!

[@reginaoakes6288]

Thank you so much so helpful!

[@fatimael755]

I benefit from all this information, thank you

[@eveliz2023]

Hello👋🏽 great video… just wanted to know if I would need an operating agreement if I’m the only person in my LLC?

[@TiffanyShanell]

This was so helpful. Thank you so much!!

[@LYFEAccounting]

Glad it was helpful! What type of business are you starting?

[@epm9947]

Thanks bruh👌🏾 Great Vid

[@ThomEber]

Always helpful!

[@MrsSugaShay]

Thank you so much. This was so detail but simplicity that it was easy to follow. This totally helped me a lot. Thank you for the video. New Subscriber .

[@LYFEAccounting]

Hey Shatanya, glad it was helpful and welcome to the LYFE family!

[@teazy3138]

Helping & informative 💎

[@SunGODdess9999]

Thank you will be doing tonight

[@lahomilegister5195]

Thank you for the video

[@neutralitythought]

GREAT COMMENTARY!!!!!!!!!!

[@user-fi5rj7ie3n]

Thanks for sharing.

[@naikeelovince7774]

Great information. Thank you.

[@LYFEAccounting]

Awesome!

[@sunnaorlaterenterprises]

Thanks for the video

[@mizzmoni]

Oh my gosh thank you so much!!!

[@6MTLIFE]

Thank you my man! This was very helpful and just what I needed. Opening my business bank account next week a this was on their check list.

[@lifeofyanique381]

Thank You for breaking this down , Do I need an operation agreement before or after creating an LLC ? I live in Florida & I am the only one in the LLC for now .

[@litayogaplussize4738]

Thank you so much

[@mberrynunez]

Great job, thanks!

[@LYFEAccounting]

No problem, have you started an LLC yet

[@byronanthony7834]

Thanks bro!

[@miyawesley1554]

Thank you

[@mariselatamayo594]

THANKYOU

[@SherryXShi]

I have watched over 3 hours of your videos! LOL. thanks for all the info. quick question. I am a one member LLC. I set it up as manager managed= me. so can I have CPA file Tax for me as S Corp and pay for all payroll taxes to EDD at the end of the year?

[@brianthomas3249]

Thank u

[@elijahlester5765]

thankkkk youuuuu!!!!

[@Greatenergy720]

Absolutely great info much appreciated!! Looking to start my LLC soon in nys myself. Can I Do the operating agreement thru the state myself without Using a third-party company?? If not what other company can I use besides law depot? Thanks ✌🏽

[@LYFEAccounting]

Yes, absolutely. You can also use Legal Zoom or Rocket Lawyer. I prefer Law Depot though.

[@FijiLikeWater]

Hi i formed an LLC and I need to add someone as a member and i would be going from single to multi member. So do I just add him in the operating agreement or is there other steps I have to do. I am from Illinois btw

[@nouche-30064]

Very good video but I am confused or I missed something ⁉️You chose single member and then you have a partner and all other choices are based on this partnership. Do you have a video for single member❓

[@anubisdozier3641]

I need to hire a CPA, what state are you in? Just started a new LLC trucking business wanting for my authority.

[@xbambamx100]

Hey I got a stupid question, as a single member llc do you still need to make a operating agreement ? and will this template work for a single member llc ?

[@andrew-isac]

Do we submit it anywhere ? Or at state level or country! Or is it just a signed document we keep a copy of in case requested by bank or else! Please clarify what is next step

[@mariasalmeron3277]

It doesn't work for an LLC registered in Puerto Rico. Do you know one that provide this for PR LLC's?

[@deseanthompson3086]

🔥

[@KeyPentViews]

What do I do after I get my OPERATING agreement do I send it to anyone or it’s really just for me to keep just incase

[@Sweetlady1916]

Can you have a partner/family members as owner on the LLC agreement?

[@NathanJacksonMusic]

yes

[@joyceellis6021]

I wished you would have printed out and let us see the whole entire agreement.

[@tracylocke1364]

How can I Amend my LLC operating agreement. Thanks

[@christinajones93]

What if you want to transfer your business in to a trust later

[@OGseoulite]

Will there be a video like this for nonprofit small businesses?

[@LYFEAccounting]

You would like us to walk through how to set up a nonprofit?

[@a.chams-eddine6617]

Hello Keran, we have a one member registered LLC. We want to add another member to it. What form should we use to file it online? Thank you

[@LYFEAccounting]

You should do it with your annual renewal

[@pamswayzer]

Do I need to get a business address and business phone number before I open an business bank account?

[@T444zhairfood]

Question I am in GA as well.. Do I register my company via the Georgia corporation division 1st before I do this LLC you are talking about???

[@LYFEAccounting]

Hey, thanks for the question! So, when you are ready to setup your LLC, you would file your articles of incorporations with your operating agreement at the same time.

[@T444zhairfood]

@@LYFEAccounting Thank you for your respond.. I am stuck on how to select the right code that is not considered high risk business. 🤦🏾‍♀️

[@empowered_one]

I have question? What if your partner back out, can you still put yourself down as the only member?

[@LYFEAccounting]

Yes, you can update the operating agreement.

[@empowered_one]

Thank you, for your response back, LYFE Accounting rocks!

[@preciousdionna265]

That link doesn’t work I filed it out twenty times but it keeps saying error couldn’t process try again.

[@LYFEAccounting]

Hey! It appears to be working on our end. Are you not able to load the page or are you are not able to complete your agreement?

[@preciousdionna265]

@@LYFEAccounting no I ended up having to pay 45 dollars for it which I believe was done on purpose but it’s cool

[@chevonneoates4877]

What if I am outside USA

[@fgoldbuster]

Do you consult?

[@KOSEPELA]

Link is not free

[@adonisogando4123]

Free template but you have to add a credit card 😂…. Well what he didn’t specify here. Is that you have to cancel within a month. No cancelation fee. So save into a cloud as a pdf and then cancel the membership asap.

[@LYFEAccounting]

Exactly what I would do if you don't need the membership!

[@newmoneytv92]

Would that still b an official operating agreement?

[@TRXPZ.KATAKURI]

[@brandonpowell3051]

Thank you

[@LYFEAccounting]

For what?