OPERATING
The signed agreement
We draft it with your members named, you all sign it online, and it's kept in your documents. A bank asks for it when it wants to see who controls the company.
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What we file · Operating Agreement
Your LLC's rulebook, written for your members.
An operating agreement is the private contract between an LLC's members. It says who owns what, who runs the company, how profit is shared, and what happens if someone leaves. We draft yours from the answers you give when you order, send it to your members to sign online, and keep the signed copy in your documents.
Aster Studio LLCWyoming · WYYour answers
Who owns what, answered once in the order form.
Your answersAt the order
DraftedSame day
Sent to signYour members' time
In your documentsKept for the bank
- Prepared
- From your order
- Signature
- Electronic
- Fee
- Included on every plan
01The route
What does an operating agreement cover?
Most of it deals with how the company runs from day to day. It lists the members and the share each one owns. It says who manages the company, whether that's the members themselves or a manager they appoint, and who's allowed to sign for it. It records the money each member put in and whether anyone has to add more, and it sets how and when profit gets paid out.
The rest covers the questions nobody wants to think about on day one. Can a member sell their share, and do the others get the first chance to buy it? What happens if a member resigns, dies or is bought out? Where are the books kept, and who gets to see them? And if the company closes, who is paid what? It's much easier to settle all of that now, while everyone agrees, than to argue about it later.
| By plan | Starter | Standard | Premium |
|---|---|---|---|
| Operating Agreement, drafted for your members | Included | Included | Included |
| Sent for electronic signature, kept in your documents | Included | Included | Included |
| Ownership recorded on a cap table | Not on this plan | Included | Included |
02What arrives
Where does it live, and can you change it?
You never file it with the state. It stays in your documents, and you show it to banks, to investors and, if it ever came to that, to a court. If yours is a single-member LLC, you still need one. It's part of the evidence that the company is separate from you, with rules of its own, and a court looks at that if anyone tries to hold you personally responsible for the company's debts.
You can change it whenever the members agree to. A new member joining, or one leaving, is recorded as an amendment rather than a filing. A corporation doesn't have an operating agreement at all. It gets bylaws and the first board consents instead, which do the same job. Either way, the signed copy sits in your documents next to the formation certificate and the EIN letter.
AMENDMENT
An amendment, when it changes
When a member joins, leaves or is bought out, the members amend the agreement. Nothing gets filed with the state. On Standard and Premium, we start from the ownership record we already keep for you.
03Questions
Questions about the operating agreement.
If yours is not here, email us at [email protected] before you order.
It's the private contract between the members of an LLC. It says who owns what share, who runs the company, how profit gets paid out, and what happens if someone leaves or the company closes. Wyoming and Delaware don't make you file it, but banks will ask to see it.
Yes. The state won't ask for it, but your bank will. It's also what shows the company is separate from you, and your protection from the company's debts depends on that separation.
You do, once, as the sole member. With one member it reads less like a deal between people and more like the company writing down its own rules, which is what a bank wants to see.
No. It's a private contract between the members. It stays in your documents, and you show it to banks, investors and, if it ever came to that, a court.
Yes. The members can amend it whenever they agree to, and a member joining or leaving is recorded the same way. On Standard and Premium we keep your ownership split on record, so an amendment starts from the right numbers.
A corporation doesn't have an operating agreement. It gets bylaws, which say how the board and officers work, and the first written consents, which appoint them and issue the founders' stock.
Also in what we file
Ready when you are
Answer the questions. We do the filing.
It takes about four minutes. You see the whole order, state fee included, before anything is charged.
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