If you plan on starting a business, the most likely business entity that you'll form is the LLC. The Operating Agreement (otherwise known as a Company Agreement) is a vital part of the business formation process. This document governs how the business is managed daily as well as fundamental changes to the business.
Operating Agreement (Members)
Choose this document if you plan on having a member-managed business (and not manager-managed). If you aren't sure what this means, go back and download my Starter Kit for the explanation and then come back!