LLC Operating Agreement: Free Template + Video Walkthrough

LLC Operating Agreement Free Template + Video Walkthrough. An Operating Agreement is a legally binding document that outlines in detail the rights and responsibilities of the members of the LLC and how the business will operate.
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👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk
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Intro: (0:00)
What is an LLC Operating Agreement: (0:42)
Why operating agreements are important: (1:09)
How to write an LLC Operating Agreement: (1:52)
Free LLC Operating Agreement Template: (16:35)
Outro: (17:14)
Link To Free LLC Operating Agreement: bit.ly/2TQ1Itk
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

Пікірлер: 104

  • @amateur_feet_world2233
    @amateur_feet_world22332 жыл бұрын

    very helpful, step by step, no fluff, just what i needed. Big thanks to you and the LYFE accounting group

  • @sanfree1513
    @sanfree1513 Жыл бұрын

    I am starting my own consulting company and I needed this type of guidance - thank you!!! hands on support always welcomed

  • @breew2968
    @breew29683 жыл бұрын

    THANK YOU! I'm a visual learner, so this was so helpful to see you do it yourself! You introduced a useful online resource, did a step-by-step tutorial, and it was helpful to hear your commentary about why you selected each option in the template.

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    Bree, thanks so Much for sharing your comment. This is why we do it. I hope this takes you far

  • @mytimewithgod6140

    @mytimewithgod6140

    2 жыл бұрын

    Agree

  • @holleelifestyles2844
    @holleelifestyles28442 жыл бұрын

    This was Amazingg! There are companies trying to charge $100 on top of their LLC formation services for something that is FREE. So glad I saw this first! Thanks Keran for reviewing this. HNY!

  • @user-kx9le4sg1s
    @user-kx9le4sg1s Жыл бұрын

    I really appreciate your videos! They are easy to understand, you explain everything perfect and include great examples! God bless you and your team!

  • @user-eh4yt7gb2o
    @user-eh4yt7gb2o6 ай бұрын

    As a new business owner converting and taking all the necessary steps to be up and going in the most effective, efficient manner, I appreciate these videos.

  • @denisetaylor8279
    @denisetaylor82792 жыл бұрын

    Perfect! Just what I needed. I love this channel, especially the jokes.

  • @VicSmith
    @VicSmith2 жыл бұрын

    I have a passion for this information and this youtube channel. Glad yall exist. Nothing but love.

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    ❤️

  • @purplebutterfly4277
    @purplebutterfly4277 Жыл бұрын

    Thank you for the simple step by step walk through!

  • @thefutureapocalypse
    @thefutureapocalypse7 ай бұрын

    THANK YOU, THANK YOU for explaining by breaking the info down into simple visual format.

  • @thomasaquinas601
    @thomasaquinas6012 жыл бұрын

    Thanks for all your videos. They've been very helpful.

  • @Salriaraj20
    @Salriaraj20 Жыл бұрын

    Thanks, Dear for sharing step-by-step info on the operating agreement.

  • @GojiCenter
    @GojiCenter2 жыл бұрын

    This is dope. thanks for sharing!

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    You bet! Thanks for watching.

  • @IndigoSparklz
    @IndigoSparklz2 жыл бұрын

    You are awesome!!! Thank you for your terrific presence, articulate presentation and positive encouraging energy! Learned so much after feeling intimidated and feeling like this was kinda 'confrontational.' Smile

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Love that for you Lisa. Thanks for watching and glad it was helpful.

  • @winniejean2442
    @winniejean2442 Жыл бұрын

    Thank you for this! I’ve been looking for a break down and this was chefs kiss mwah

  • @panamafred1
    @panamafred1 Жыл бұрын

    Thank you! You pulled back the curtain on a mysterious requirement!

  • @dtsai
    @dtsai3 жыл бұрын

    You guys have the best videos!

  • @corteljackson6569
    @corteljackson6569 Жыл бұрын

    Dude your actually amazing 🔥

  • @shatonakersey3622
    @shatonakersey36227 ай бұрын

    Thank you for sharing!

  • @ch0lito
    @ch0lito2 жыл бұрын

    WOW this is a great and excellent video, specially for us the visual learners, thanks for sharing.

  • @mel_ohh
    @mel_ohh Жыл бұрын

    This was very helpful, thank you. I used the site to create several contracts!

  • @donzellgordon557
    @donzellgordon5572 жыл бұрын

    Thank you, this was incredibly helpful!

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Glad it was helpful!

  • @bizhon3
    @bizhon38 күн бұрын

    Love it thank you very much, super helpful!

  • @renebirdow9895
    @renebirdow98958 ай бұрын

    Thanks for that information. I really appreciate it.

  • @Anthony-du3he
    @Anthony-du3he7 ай бұрын

    Thanks bro! Really saved me time and aggravation! Thanks for takint the time to make this

  • @ariesko319
    @ariesko319 Жыл бұрын

    Thank you so much fam! this was super helpful. I owe you a cup of coffee if you ever in LA.

  • @dofdestiny10
    @dofdestiny10 Жыл бұрын

    That was great to learn what items mean, thank you!!

  • @flippingforreal109
    @flippingforreal1096 ай бұрын

    Thank you so much for sharing this video, I am starting an LLC this year in 2024 and I am trying to understand everything before I do it. 🥰

  • @lahomilegister5195
    @lahomilegister5195 Жыл бұрын

    Thank you for the video

  • @simplycherry23
    @simplycherry23 Жыл бұрын

    Thank you so much so helpful 🙏🏾

  • @neutralitythought
    @neutralitythought2 жыл бұрын

    GREAT COMMENTARY!!!!!!!!!!

  • @reginaoakes6288
    @reginaoakes6288 Жыл бұрын

    Thank you so much so helpful!

  • @fatimael755
    @fatimael7552 жыл бұрын

    I benefit from all this information, thank you

  • @Mrspesosxoxo
    @Mrspesosxoxo2 жыл бұрын

    Thank you this was very helpful.

  • @user-fi5rj7ie3n
    @user-fi5rj7ie3n8 ай бұрын

    Thanks for sharing.

  • @sunnaorlaterenterprises
    @sunnaorlaterenterprises11 ай бұрын

    Thanks for the video

  • @epm9947
    @epm99472 жыл бұрын

    Thanks bruh👌🏾 Great Vid

  • @teazy3138
    @teazy3138 Жыл бұрын

    Helping & informative 💎

  • @SunGODdess9999
    @SunGODdess9999 Жыл бұрын

    Thank you will be doing tonight

  • @ThomEber
    @ThomEber Жыл бұрын

    Always helpful!

  • @TiffanyShanell
    @TiffanyShanell2 жыл бұрын

    This was so helpful. Thank you so much!!

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Glad it was helpful! What type of business are you starting?

  • @mizzmoni
    @mizzmoni Жыл бұрын

    Oh my gosh thank you so much!!!

  • @MrsSugaShay
    @MrsSugaShay2 жыл бұрын

    Thank you so much. This was so detail but simplicity that it was easy to follow. This totally helped me a lot. Thank you for the video. New Subscriber .

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Hey Shatanya, glad it was helpful and welcome to the LYFE family!

  • @naikeelovince7774
    @naikeelovince77743 жыл бұрын

    Great information. Thank you.

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    Awesome!

  • @mberrynunez
    @mberrynunez3 жыл бұрын

    Great job, thanks!

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    No problem, have you started an LLC yet

  • @litayogaplussize4738
    @litayogaplussize473810 ай бұрын

    Thank you so much

  • @byronanthony7834
    @byronanthony78349 ай бұрын

    Thanks bro!

  • @miyawesley1554
    @miyawesley15546 ай бұрын

    Thank you

  • @danieldecarvalho6073
    @danieldecarvalho60732 жыл бұрын

    Thank you so much! You guys are doing a fantastic job! I have learned a lot from you all! Just a question: This year I have opened an LLC SM company in Georgia. Am I allowed to run two different activities with this LLC single-member? Should I include this in my operating agreement?

  • @elijahlester5765
    @elijahlester5765 Жыл бұрын

    thankkkk youuuuu!!!!

  • @mariselatamayo594
    @mariselatamayo5949 ай бұрын

    THANKYOU

  • @eveliz2023
    @eveliz20232 жыл бұрын

    Hello👋🏽 great video… just wanted to know if I would need an operating agreement if I’m the only person in my LLC?

  • @brianthomas3249
    @brianthomas3249 Жыл бұрын

    Thank u

  • @6MTLIFE
    @6MTLIFE2 жыл бұрын

    Thank you my man! This was very helpful and just what I needed. Opening my business bank account next week a this was on their check list.

  • @deseanthompson3086
    @deseanthompson30869 ай бұрын

    🔥

  • @lifeofyanique381
    @lifeofyanique3819 ай бұрын

    Thank You for breaking this down , Do I need an operation agreement before or after creating an LLC ? I live in Florida & I am the only one in the LLC for now .

  • @SherryXShi
    @SherryXShi2 жыл бұрын

    I have watched over 3 hours of your videos! LOL. thanks for all the info. quick question. I am a one member LLC. I set it up as manager managed= me. so can I have CPA file Tax for me as S Corp and pay for all payroll taxes to EDD at the end of the year?

  • @NathanJacksonMusic
    @NathanJacksonMusic3 жыл бұрын

    yes

  • @FijiLikeWater
    @FijiLikeWater2 жыл бұрын

    Hi i formed an LLC and I need to add someone as a member and i would be going from single to multi member. So do I just add him in the operating agreement or is there other steps I have to do. I am from Illinois btw

  • @anubisdozier3641
    @anubisdozier36412 жыл бұрын

    I need to hire a CPA, what state are you in? Just started a new LLC trucking business wanting for my authority.

  • @Greatenergy720
    @Greatenergy7202 жыл бұрын

    Absolutely great info much appreciated!! Looking to start my LLC soon in nys myself. Can I Do the operating agreement thru the state myself without Using a third-party company?? If not what other company can I use besides law depot? Thanks ✌🏽

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Yes, absolutely. You can also use Legal Zoom or Rocket Lawyer. I prefer Law Depot though.

  • @xbambamx100
    @xbambamx100 Жыл бұрын

    Hey I got a stupid question, as a single member llc do you still need to make a operating agreement ? and will this template work for a single member llc ?

  • @andrew-isac
    @andrew-isac Жыл бұрын

    Do we submit it anywhere ? Or at state level or country! Or is it just a signed document we keep a copy of in case requested by bank or else! Please clarify what is next step

  • @mariasalmeron3277
    @mariasalmeron32772 жыл бұрын

    It doesn't work for an LLC registered in Puerto Rico. Do you know one that provide this for PR LLC's?

  • @KeyPentViews
    @KeyPentViews11 ай бұрын

    What do I do after I get my OPERATING agreement do I send it to anyone or it’s really just for me to keep just incase

  • @Sweetlady1916
    @Sweetlady1916 Жыл бұрын

    Can you have a partner/family members as owner on the LLC agreement?

  • @a.chams-eddine6617
    @a.chams-eddine66173 жыл бұрын

    Hello Keran, we have a one member registered LLC. We want to add another member to it. What form should we use to file it online? Thank you

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    You should do it with your annual renewal

  • @nouche-30064
    @nouche-3006411 ай бұрын

    Very good video but I am confused or I missed something ⁉️You chose single member and then you have a partner and all other choices are based on this partnership. Do you have a video for single member❓

  • @joyceellis6021
    @joyceellis60212 жыл бұрын

    I wished you would have printed out and let us see the whole entire agreement.

  • @tracylocke1364
    @tracylocke1364 Жыл бұрын

    How can I Amend my LLC operating agreement. Thanks

  • @OGseoulite
    @OGseoulite3 жыл бұрын

    Will there be a video like this for nonprofit small businesses?

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    You would like us to walk through how to set up a nonprofit?

  • @christinajones93
    @christinajones93 Жыл бұрын

    What if you want to transfer your business in to a trust later

  • @pamswayzer
    @pamswayzer Жыл бұрын

    Do I need to get a business address and business phone number before I open an business bank account?

  • @T444zhairfood
    @T444zhairfood3 жыл бұрын

    Question I am in GA as well.. Do I register my company via the Georgia corporation division 1st before I do this LLC you are talking about???

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    Hey, thanks for the question! So, when you are ready to setup your LLC, you would file your articles of incorporations with your operating agreement at the same time.

  • @T444zhairfood

    @T444zhairfood

    3 жыл бұрын

    @@LYFEAccounting Thank you for your respond.. I am stuck on how to select the right code that is not considered high risk business. 🤦🏾‍♀️

  • @fgoldbuster
    @fgoldbuster Жыл бұрын

    Do you consult?

  • @empowered_one
    @empowered_one2 жыл бұрын

    I have question? What if your partner back out, can you still put yourself down as the only member?

  • @LYFEAccounting

    @LYFEAccounting

    2 жыл бұрын

    Yes, you can update the operating agreement.

  • @empowered_one

    @empowered_one

    2 жыл бұрын

    Thank you, for your response back, LYFE Accounting rocks!

  • @chevonneoates4877
    @chevonneoates48772 жыл бұрын

    What if I am outside USA

  • @preciousdionna265
    @preciousdionna2653 жыл бұрын

    That link doesn’t work I filed it out twenty times but it keeps saying error couldn’t process try again.

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    Hey! It appears to be working on our end. Are you not able to load the page or are you are not able to complete your agreement?

  • @preciousdionna265

    @preciousdionna265

    3 жыл бұрын

    @@LYFEAccounting no I ended up having to pay 45 dollars for it which I believe was done on purpose but it’s cool

  • @adonisogando4123
    @adonisogando4123 Жыл бұрын

    Free template but you have to add a credit card 😂…. Well what he didn’t specify here. Is that you have to cancel within a month. No cancelation fee. So save into a cloud as a pdf and then cancel the membership asap.

  • @LYFEAccounting

    @LYFEAccounting

    Жыл бұрын

    Exactly what I would do if you don't need the membership!

  • @newmoneytv92

    @newmoneytv92

    Жыл бұрын

    Would that still b an official operating agreement?

  • @KOSEPELA
    @KOSEPELA2 жыл бұрын

    Link is not free

  • @TRXPZ.KATAKURI
    @TRXPZ.KATAKURI Жыл бұрын

  • @brandonpowell3051
    @brandonpowell30513 жыл бұрын

    Thank you

  • @LYFEAccounting

    @LYFEAccounting

    3 жыл бұрын

    For what?