An Operating Agreement is one of the most important yet overlooked documents in the life of an LLC. Whether you’re starting a single-member business or partnering with others, having this agreement in place is crucial—not just for internal structure, but for legal protection, compliance, and business credit.
An Operating Agreement is a legally binding document that outlines how your LLC is run, who owns it, what each member’s rights and duties are, and what happens if the business changes hands, dissolves, or faces disputes.
It’s the internal rulebook for your company—defining everything from day-to-day management to profit distributions, voting rights, and procedures for adding members.
Think of it as your LLC’s legal backbone. Without it, your business can be vulnerable to disputes, disorganization, and funding rejections.
In most states, an Operating Agreement is not legally required—but it’s highly recommended and often functionally required for things like:
Some states do require an Operating Agreement by law (such as California and New York), but even in states where it’s optional, not having one can hurt you when it’s time to grow or defend your business.
If you’re applying for business credit cards, lines of credit, or a business loan, you’ll likely be asked to provide:
Why? Because lenders want to know:
Protect Your Limited Liability:
An Operating Agreement separates you from your business. Without it, courts could treat your LLC as a “disregarded entity” and pierce the corporate veil, putting your personal assets at risk.
Open a Bank Account or Get Loans:
Banks and lenders often require a signed Operating Agreement to verify:
Prove Your Ownership
If you need to sell your business, bring on investors, or defend your interests legally, the Operating Agreement serves as your primary proof of ownership. Without it, there may be no written record confirming who owns what.
Legal name of the LLC, Principal office address, State of formation, Date of formation
Covers member- or manager-managed setup, voting rules, decision authority, and meeting requirements.
Covers account management, bookkeeping, tax duties, and timing of profit distributions to members.
Covers adding or removing members, handling exits or deaths, and buyout terms with valuation methods.
Details LLC dissolution, asset distribution order, and steps to properly wind down operations.
Covers indemnification, liability limits, dispute resolution, and the governing state law for the LLC.
We don’t just hand you a blank template. We create a professionally structured, customized Operating Agreement as part of your formation package or as a standalone service.
A registered agent (also known as a resident agent or agent for service of process) is a person or business officially designated to receive legal documents on behalf of an LLC or corporation. They must have a physical address in the state of formation and be available Monday to Friday, 8 a.m. to 5 p.m.
Appointing a registered agent is required by law when forming an LLC or corporation, and their details must be listed in your Articles of Organization or Incorporation.
Yes, but it’s risky. Generic templates often leave out key clauses needed for funding, dispute protection, or multi-member governance. Our clients prefer a ready-to-use version built by professionals.
No. It’s an internal agreement kept with your business records. Some banks or partners may request a copy.
Your LLC may default to state laws, which may not match your intentions. For example, if you don’t define how profits are split, your state may force equal distribution—even if one member invested more.
Whenever a material change occurs: ownership shifts, new members join, address changes, or major roles are redefined.
It’s not too late! You can create and adopt an Operating Agreement at any time—and we’ll help you do it right.
If you formed your business through BizzHopper but didn’t purchase this add-on initially, you can add it to your account instantly.
✔ Built for legal protection (Disclaimer: Not Legal Advice)
✔ Required for business credit & funding
✔ Supports LLC legitimacy
âś” Clear, editable format for your growth
We don’t just help you form a business—we help you run it like one.
An Operating Agreement is one of the most important yet overlooked documents in the life of an LLC. Whether you’re starting a single-member business or partnering with others, having this agreement in place is crucial—not just for internal structure, but for legal protection, compliance, and business credit.
At BizzHopper, we don’t just form your LLC. We help you operate like a real business—and that starts with an Operating Agreement built for credibility, protection, and funding.
An Operating Agreement is a legally binding document that outlines how your LLC is run, who owns it, what each member’s rights and duties are, and what happens if the business changes hands, dissolves, or faces disputes.
It’s the internal rulebook for your company—defining everything from day-to-day management to profit distributions, voting rights, and procedures for adding members.
Think of it as your LLC’s legal backbone. Without it, your business can be vulnerable to disputes, disorganization, and funding rejections.
In most states, an Operating Agreement is not legally required—but it’s highly recommended and often functionally required for things like:
Opening a business bank account
Applying for business funding or credit
Proving ownership for legal protection
Protecting your limited liability status
Some states do require an Operating Agreement by law (such as California and New York), but even in states where it’s optional, not having one can hurt you when it’s time to grow or defend your business.
At BizzHopper, we consider it non-optional for any client serious about being fundable and legally protected.
If you’re a single-member LLC, you might assume an Operating Agreement isn’t necessary. But here’s why you absolutely still need one:
An Operating Agreement separates you from your business. Without it, courts could argue that your LLC is a “disregarded entity” and pierce the corporate veil—putting your personal assets at risk.
Banks and lenders often require a signed Operating Agreement to verify:
You are the legitimate owner
You have authority to act on behalf of the business
How funds are managed and distributed
If you ever need to sell your business, bring on investors, or defend your interests legally, the Operating Agreement is your primary ownership proof. Without it, there may be no written record confirming who owns what.
Most major lenders and credit bureaus require this document when verifying ownership and management authority.
Here’s what we include in BizzHopper’s custom Operating Agreements to ensure you’re protected, legit, and credit-ready:
Legal name of the LLC
Principal office address
State of formation
Date of formation
Member names and addresses
Ownership percentages
Capital contributions (money, assets, etc.)
Profit and loss distributions
Member-managed vs. manager-managed LLC
Voting procedures
Decision-making powers
Meeting requirements (if any)
Procedures for maintaining business accounts
Bookkeeping and tax responsibilities
How and when distributions are made
Process for adding/removing members
What happens when a member dies or exits
Buyout options and valuation methods
How the LLC can be dissolved
Order of asset distribution
Steps for winding down operations
Indemnification and liability limitations
Dispute resolution methods
Governing law (state jurisdiction)
If you’re applying for business credit cards, lines of credit, or a business loan, you’ll likely be asked to provide:
Your Articles of Organization
Your EIN Letter from the IRS
Your Operating Agreement
Why? Because lenders want to know:
Who is legally responsible
Who makes financial decisions
That you’re operating as a real business—not a hobby
Without an Operating Agreement, you may be denied access to funding even if you’re otherwise qualified.
We don’t just hand you a blank template. We create a professionally structured, customized Operating Agreement as part of your formation package or as a standalone service.
Language tailored for single- or multi-member LLCs
Funding-ready formatting with clear ownership provisions
Digital delivery you can use for banking or lending applications
Editable document you can update as your business grows
Q: Can I write my own Operating Agreement?
Yes, but it’s risky. Generic templates often leave out key clauses needed for funding, dispute protection, or multi-member governance. Our clients prefer a ready-to-use version built by professionals.
Q: Is this document filed with the state?
No. It’s an internal agreement kept with your business records. Some banks or partners may request a copy.
Q: What happens if I don’t have one?
Your LLC may default to state laws, which may not match your intentions. For example, if you don’t define how profits are split, your state may force equal distribution—even if one member invested more.
Q: How often should I update it?
Whenever a material change occurs: ownership shifts, new members join, address changes, or major roles are redefined.
You need an Operating Agreement if:
You’re forming an LLC (solo or with partners)
You want to open a business bank account
You plan to apply for funding
You want legal protection from liability
You want clear rules for future disputes or changes
It’s not too late! You can create and adopt an Operating Agreement at any time—and we’ll help you do it right.
If you formed your business through BizzHopper but didn’t purchase this add-on initially, you can add it to your account instantly.
âś” Built for legal protection (Disclaimer: Not Legal Advice)
âś” Required for business credit & funding
âś” Supports LLC legitimacy
âś” Clear, editable format for your growth
We don’t just help you form a business—we help you run it like one.
Don’t wait until you get denied for funding or hit with a dispute. Secure your business, protect your assets, and unlock full legitimacy.
Click below to get your Operating Agreement now as part of your LLC package—or order it separately.
[Get My Operating Agreement]
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A registered agent (also known as a resident agent or agent for service of process) is a person or business officially designated to receive legal documents on behalf of an LLC or corporation. They must have a physical address in the state of formation and be available Monday to Friday, 8 a.m. to 5 p.m.
Appointing a registered agent is required by law when forming an LLC or corporation, and their details must be listed in your Articles of Organization or Incorporation.
Failing to designate a registered agent can result in fines, default judgments, or even business suspension or dissolution. Using a third-party agent adds reliability and privacy.
A PO Box or mailbox service is not sufficient—most states require a real, physical address and may dissolve your business for non-compliance.
Bizzhopper’s registered agent services safeguard your business and ensure ongoing compliance with state requirements. With Bizzhopper, you receive:<br/> Timely alerts for franchise tax and annual report deadlines Access to Bizzhopper’s Corporate Compliance Portal with proactive monitoring Fast, accurate handling of service of process, legal notices, tax documents, and official mail Electronic delivery of service of process for added convenience Bizzhopper provides registered agent services for the following business entities: C Corporation S Corporation Professional Corporation (PC) Limited Liability Company (LLC) Professional Limited Liability Company (PLLC) Limited Partnership (LP) Limited Liability Partnership (LLP) Nonprofit Corporation
Founded by a seasoned lawyer and entrepreneur advocate, Bizzhopper brings decades of expertise. Our team has helped form over 100,000 Corporations and LLCs since 2016.
At Bizzhopper, we believe in clear, honest pricing. No hidden fees, surprise charges, or “free” offers with strings attached—just fully itemized costs you can trust.
Not satisfied? We’ll refund 100% of our service fees—no questions asked. See our Terms and Conditions for complete details.
A registered agent (also known as a “resident agent” or “statutory agent”) is responsible for receiving important legal documents on behalf of your business, including: Official federal and state correspondence Subpoenas for information Tax notices from the IRS and local tax authorities Lawsuits Summonses to appear in court Wage garnishment notices Corporate filing notifications All of these documents will be delivered directly to your registered agent’s physical address in the state where your business operates (not a PO Box).
If your business operates in multiple states, you will generally need to appoint a registered agent in each of those states. For example, if your California-based corporation wants to do business in Nevada, Nevada requires a registered agent with a physical address in the state.
Failure to appoint or renew a registered agent can lead to serious consequences, including the loss of corporate status. Without a registered agent, your business may be considered inactive by the state and lose its good standing. Registered agent services must be updated annually and whenever your business changes.
Yes, Bizzhopper offers registered agent services in all 50 states. Learn more about our services and how we can help keep your business compliant.
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