Vermont LLC Operating Agreement
Your Vermont 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 Vermont operating agreement templates to help suit your business needs.
Is an operating agreement required in Vermont?
No, Vermont’s statutes don’t explicitly state you need an operating agreement for your Vermont LLC. However, an operating agreement is necessary for some important tasks, like dealing with banks and landlords—both of whom will want to see proof of ownership.
Do I have to file my operating agreement in Vermont?
No. Your operating agreement is an internal document, which means you’ll keep it with your own LLC files.
Does a single-member LLC need an operating agreement?
Yes. It may seem odd to enter into an agreement with yourself, but even a single-member LLC will need an operating agreement to open a bank account and—perhaps more 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.