Custom Operating Agreement Template for United States

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Custom Operating Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Custom Operating Agreement

"I need a Custom Operating Agreement for a technology startup LLC with three founding members, launching in March 2025, with specific provisions for intellectual property protection and future investor admission."

Document background
The Custom Operating Agreement is a vital legal document used when establishing or modifying the governance structure of a Limited Liability Company in the United States. This document becomes necessary when forming an LLC or when existing LLC members wish to formalize their business relationship beyond statutory defaults. It operates under both federal and state jurisdiction, with specific provisions varying by state, while maintaining compliance with federal tax and business regulations. The agreement typically includes detailed sections covering capital contributions, profit distribution, management rights, transfer restrictions, and dissolution procedures. Unlike standard operating agreements, a Custom Operating Agreement is tailored to specific business needs while ensuring compliance with relevant state LLC laws and federal regulations. It's particularly crucial for multi-member LLCs or those with complex ownership or management structures.
Suggested Sections

1. Parties: Identifies all members of the LLC and their contact information

2. Background: States the purpose of forming the LLC and basic intentions of the parties

3. Definitions: Defines key terms used throughout the agreement

4. Formation and Name: Details of LLC formation, registered name, and office location

5. Purpose and Powers: Describes the LLC's business purpose and general powers

6. Members and Membership Interests: Details member classifications, rights, and ownership percentages

7. Capital Contributions: Specifies initial and additional capital contribution requirements

8. Allocations and Distributions: Explains how profits, losses, and distributions are handled

9. Management and Voting: Establishes management structure and voting rights

10. Meetings and Records: Requirements for member meetings and record-keeping

11. Transfer Restrictions: Rules regarding transfer of membership interests

12. Withdrawal and Dissolution: Procedures for member withdrawal and LLC dissolution

13. Amendment Process: Process for modifying the operating agreement

14. General Provisions: Includes standard legal provisions like governing law and notices

Optional Sections

1. Tax Matters: Detailed tax elections and procedures, used when special tax treatment is desired

2. Buy-Sell Provisions: Detailed procedures for buying/selling interests, used when members want specific exit mechanisms

3. Special Allocations: Complex allocation provisions, used when distributions differ from ownership percentages

4. Employee Matters: Employment policies and procedures, used when LLC will have employees

5. Intellectual Property: IP ownership and protection, used when LLC develops or uses significant IP

6. Confidentiality: Detailed confidentiality provisions, used when protecting sensitive information is crucial

7. Non-Compete Provisions: Restrictions on competitive activities, used when protecting business interests from member competition

8. International Operations: Provisions for international business, used when LLC operates across borders

Suggested Schedules

1. Schedule A - Member Information: Detailed member information including contact details and initial capital contributions

2. Schedule B - Initial Capital Contributions: Itemized list of all initial capital contributions and their agreed values

3. Schedule C - Membership Interests: Current ownership percentages and classes of membership interests

4. Schedule D - Management Structure: Organizational chart and management responsibilities

5. Schedule E - Special Tax Provisions: Detailed tax elections and special allocation provisions

6. Appendix 1 - Financial Procedures: Detailed accounting methods and financial reporting requirements

7. Appendix 2 - Voting Procedures: Detailed voting and meeting procedures

8. Appendix 3 - Approved Transfer Procedures: Forms and procedures for transferring membership interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Real Estate

Professional Services

Retail

Manufacturing

Healthcare

Construction

Hospitality

Financial Services

Entertainment

Consulting

E-commerce

Agriculture

Education

Transportation

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Compliance

Operations

Risk Management

Corporate Affairs

Business Development

Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

General Counsel

Corporate Attorney

Business Development Manager

Company Secretary

Managing Director

Chief Operating Officer

Compliance Officer

Corporate Governance Manager

Business Owner

Managing Partner

LLC Member

Board Member

Operations Manager

Risk Manager

Legal Counsel

Finance Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Limited Liability Company Llc Operating Agreement

A US-governed legal document that establishes the ownership, management structure, and operational rules for a Limited Liability Company (LLC).

find out more

Bylaws And Operating Agreement

A combined bylaws and operating agreement document establishing governance and operational rules for U.S. business entities.

find out more

Limited Liability Company Contract

A US-governed Operating Agreement that establishes the structure, management, and operational framework of a Limited Liability Company (LLC), defining member rights and company governance.

find out more

Single Member Llc Operating Agreement

A U.S.-governed legal agreement establishing the structure and operations of a single-member LLC, outlining ownership rights and management responsibilities.

find out more

Llc Holding Company Operating Agreement

U.S.-governed operating agreement establishing the structure and governance framework for an LLC holding company, including membership rights and investment protocols.

find out more

Single Member Managed Llc Operating Agreement

A U.S. legal document establishing the governance structure and operating procedures for a single-member limited liability company, compliant with state and federal regulations.

find out more

Custom Operating Agreement

A US-governed agreement establishing the operating framework, member rights, and management structure for a Limited Liability Company (LLC).

find out more

Llp Operating Agreement

A U.S.-governed legal document establishing the operational framework and partner relationships in a Limited Liability Partnership, subject to federal and state partnership laws.

find out more

Limited Liability Operating Agreement

A U.S.-governed legal document establishing the operational framework, management structure, and member rights for a Limited Liability Company (LLC).

find out more

Single Member Operating Agreement

A U.S.-governed legal document establishing the structure, operations, and governance of a single-member Limited Liability Company (LLC).

find out more

Single Owner Llc Operating Agreement

A U.S.-governed legal document establishing the operating framework and governance structure for a single-member Limited Liability Company.

find out more

Limited Liability Company Operating Agreement

A US state law-governed agreement that establishes the internal rules, management structure, and member rights for a Limited Liability Company.

find out more

Limited Partnership Operating Agreement

A U.S.-governed agreement establishing the terms and conditions for operating a limited partnership, defining relationships between general and limited partners.

find out more

Llc Ownership Percentage Agreement

A U.S.-governed agreement that establishes and defines ownership percentages and related rights among LLC members.

find out more

Member Managed Operating Agreement

A U.S.-governed agreement establishing the structure and operations of a member-managed LLC, defining member rights, responsibilities, and company management procedures.

find out more

Online Operating Agreement

U.S.-governed LLC Operating Agreement adapted for digital operations and online business management, incorporating electronic transaction laws and cybersecurity provisions.

find out more

Operating Agreement For Member Managed Limited Liability Company

A U.S. state law-governed agreement establishing the rules, management structure, and member rights for a member-managed LLC.

find out more

Business Operating Agreement

A U.S.-governed legal document establishing the ownership, management structure, and operational procedures for a Limited Liability Company (LLC).

find out more

Limited Liability Company Operating Agreement Single Member

A U.S. legal document establishing the governance and operational framework for a single-member Limited Liability Company, defining ownership rights and management structure.

find out more

Operating Agreement For Single Member Llc

A U.S. legal document establishing the governance structure and operating rules for a single-member limited liability company under state and federal regulations.

find out more

Bylaws Operating Agreement

A foundational U.S. legal document that establishes the governance structure and operational rules for a Limited Liability Company (LLC).

find out more

Sole Proprietorship Operating Agreement

A U.S.-based legal document establishing the operational framework and governance structure for a sole proprietorship business, defining key business procedures and management protocols.

find out more

Multi Member Llc Operating Agreement

A U.S.-governed legal agreement establishing the structure, management, and operational framework for Limited Liability Companies with multiple members.

find out more

Member Managed Llc Operating Agreement

A U.S.-governed agreement establishing the operational framework for a member-managed LLC, defining member rights, responsibilities, and management procedures.

find out more

Real Estate Llc Operating Agreement

A U.S.-governed legal document establishing the structure, management, and operational framework for a real estate-focused Limited Liability Company.

find out more

Manager Managed Llc Operating Agreement

A U.S.-governed agreement establishing the framework and management structure for a manager-managed LLC, defining rights and responsibilities of managers and members.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.