North Dakota LLC Operating Agreement
Your North Dakota LLC operating agreement is a legal document that establishes rules for how your LLC will handle procedures like voting, allocating profits and losses, management, and even—should it ever come to this—dissolution.
An operating agreement is an internal document, but that doesn’t make it any less important than documents filed with the state. In fact, adopting a strong operating agreement is essential. That’s why we at Northwest offer a range of free, attorney-drafted operating agreement templates, customized for North Dakota LLCs.
Is an operating agreement required in North Dakota?
No, you are not required by North Dakota state law to have an operating agreement for your LLC. However, you’ll need an operating agreement for several important steps, like opening a business bank account and maintaining limited liability.
Do I have to file my operating agreement in North Dakota?
No, your operating agreement is an internal document and should be kept with your own LLC files.
Does a single-member LLC need an operating agreement?
Yes. While it may seem illogical to make an agreement with yourself, even single-member LLCs will need an operating agreement to open a business bank account and—perhaps most importantly—maintain limited liability.
*This is informational commentary, not advice. This information is intended strictly for informational purposes and does not constitute legal advice or a substitute for legal counsel. This information is not intended to create, nor does your receipt, viewing, or use of it constitute, an attorney-client relationship. More information is available in our Terms of Service.