Comprehensive Coverage
Key sections included
Your llc operating agreement covers all the essential provisions.
Features
Built for your business
State-Specific Clauses
Automatically references your state's LLC statute and includes state-specific provisions and default rule overrides.
Comprehensive Coverage
Covers member rights, capital contributions, profit distribution, management structure, transfer restrictions, and dissolution procedures.
Single or Multi-Member
Works for single-member LLCs needing liability protection and multi-member LLCs needing governance structure.
Tax Election Guidance
Includes provisions for partnership taxation, S-corp election, and tax distribution requirements.
Transfer & Exit Provisions
Right of first refusal, permitted transfers, buyout terms, and death/disability provisions to protect all members.
Dispute Resolution
Built-in mediation, arbitration, or litigation provisions to handle disagreements without destroying the business.
How it works
Three simple steps
Answer questions about your business. We generate your llc operating agreement. Download and review.
Answer Questions
Fill out a guided questionnaire about your business structure, members, and terms.
AI Generates
Our AI creates a comprehensive, legally-structured llc operating agreement customized to your inputs.
Download & Review
Download as a Word document. Edit inline or in your preferred word processor. Ready to sign.
FAQ
Frequently asked questions
Do I need an LLC operating agreement?
Yes. While not all states legally require one, an operating agreement is essential for any LLC. It establishes your LLC's governance, protects your limited liability status, prevents state default rules from controlling your business, and is often required by banks to open a business account.
Is this customized to my state?
Yes. The generated agreement references your state's specific LLC statute, includes state-required provisions, and accounts for state-specific default rules. Our AI is trained on LLC laws across all 50 states.
Does a single-member LLC need an operating agreement?
Absolutely. A single-member LLC operating agreement separates your personal assets from business liabilities, demonstrates that your LLC is a separate entity (critical for liability protection), and satisfies bank requirements for business accounts.
Can I use this for an existing LLC?
Yes. You can use pactdraft.ai to create an initial operating agreement for an existing LLC that doesn't have one, or to replace an outdated agreement. All members would need to sign the new agreement.
What if I need to change something after generating?
You can edit the agreement inline directly in pactdraft.ai, download it as a Word document and edit in your preferred word processor, or modify your questionnaire answers and regenerate.
Should I have a lawyer review this?
We recommend having a qualified attorney review any legal document before signing. pactdraft.ai generates a comprehensive starting point that covers the provisions a competent business attorney would include, but we are not a law firm and do not provide legal advice.
How is this different from a free template?
Free templates are generic, one-size-fits-all documents that don't account for your state's laws, your specific business structure, or your members' unique arrangements. Our AI generates a fully customized agreement based on your specific inputs, with state-specific statutory references and provisions tailored to your situation.