Real Estate Llc Operating Agreement Template. Available in Word, PDF, and Googe Doc. **Short Answer: Your Operating Agreement explains how the LLC will be managed, how taxes are paid, and how profits and losses are distributed. This free operating agreement template includes eight articles with all of the information necessary to outline your LLC's ownership and member duties.
A Limited Liability Company (LLC) might be right for you.
An LLC operating agreement allows members to set down rules regarding various business operations that will govern the day to day operations of the company.
PandaTip: The Operating Agreement is the governing document that sets the framework of the rules under which your company is to operate. Use our customizable LLC operating agreement template to set out all the important ground rules for the structure and operations of your LLC. Our professional LLC Operating Agreements save hundreds on legal fees.