Free Templates for Operating Agreement

When starting a new business, an operating agreement is an essential document that outlines the guidelines and procedures for running a company. It helps to ensure that all members of the business are on the same page and provides a legal framework for decision-making, profit sharing, and more. While it’s always advisable to consult with a lawyer when drafting an operating agreement, there are many free templates available online that can help you get started.

Here are a few free templates for operating agreements that you can use:

1. Rocket Lawyer – This website offers a customizable operating agreement template that you can use for free. You just need to answer a few questions about your business, and the template will be generated for you.

2. LegalZoom – LegalZoom provides a free operating agreement template that can be customized to meet your specific needs. It’s easy to use, and you can download it in multiple formats like PDF or Word.

3. UpCounsel – UpCounsel has a comprehensive library of legal documents, including operating agreements. You can choose from a variety of templates and customize them to suit your business needs.

4. BizFilings – BizFilings offers a free, basic operating agreement template that covers the standard provisions needed in most agreements. You can download it and customize it as per your requirements.

5. LawDepot – LawDepot provides a free operating agreement template that is easy to use and customize. You can input the necessary information about your business and members, and the template will generate a personalized agreement.

Using a free template for your operating agreement can save you time and money, but it’s important to remember that these templates are not a substitute for legal advice. Always consult with a lawyer to ensure that your operating agreement complies with state laws and accurately reflects your business needs.