Texas LLC Operating Agreement
Your Texas 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 the documents you file 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 to help suit your business needs.
Is an operating agreement required in Texas?
No, Texas law does not require LLCs to have an operating agreement. However, you will need an operating agreement for important tasks like opening a bank account and maintaining your limited liability status.
Do I have to file my operating agreement in Texas?
No. Your operating agreement is an internal document, which means you’ll keep it filed away with your own LLC documents.
Does a single-member LLC need an operating agreement?
Actually, yes. It may seem nuts to have to create an agreement with yourself, but even single-member LLCs need an operating agreement to show proof of ownership and—most importantly—to maintain limited liability status.
*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.