This Operating Agreement is designed for a single member Limited Liability Company but could be easily be adapted to accommodate a multi-member company. This agreement effectively organizes the limited liability company and should be kept with the company’s books and records. It is vital that the Operating Agreement be memorialized in writing. A well-written Operating Agreement will prove valuable in the event of misunderstandings or disagreements.

Among others, this Operating Agreement for Maryland includes the following provisions:

• Company Manager: This provision contains the identity and name of the managing member and their binding authority;
• Name of the Company: Sets forth the name of the company under which business will be conducted;
• Management:This provision sets forth the identity of the managing member;
• Rights and Duties: Sets forth the duties of the member, meeting dates and notice provisions.
• Contributions to Capital and Capital Accounts:This provision sets forth the amount of the member’s contribution and how accounts are to be maintained.

Protect yourself and your rights by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:

1. General Instructions & Checklist
2. Operating Agreement for Limited Liability Company for use in Maryland

State Law Compliance: This form complies with the laws of Maryland