Multi-Member LLC Operating Agreement Template - Illinois

If you need to establish guidelines for the limited liability company you just started or you have been working in the industry for a while and want to streamline your short- and long-term operations and plans, an Illinois Multi-Member LLC Operating Agreement will be a reasonable solution for you and other members of the company. It is not an obligatory document to have and local and state laws will not demand you to submit it in writing but it is recommended to have an internal manual that demonstrates how the business is structured and protects its owners from personal responsibility for the debts of the organization.

Find an Illinois Multi-Member LLC Operating Agreement template through the link below.

At a minimum, it needs to specify the names of the board members and their main duties, the purpose of the company and the description of its activities, the rules to follow whenever the entity wants to admit a new member or continue its work after the retirement or passing of an old one, and the amendment procedures for the internal bylaws.

Still looking for a particular template? Take a look at the related forms and templates below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.