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what is an operating agreement sounds like business jargon right but its pretty simple an operating agreement is a contract that simply outlines how you and other founders will manage and operate your shared business while most states dont require an operating agreement its smart to create one especially if you have more than one member or owner you can use your operating agreement to determine who does what one and why so theres no confusion or sticky situations in the future start your operating agreement with your business name and any DBAs plus the location and purpose of your business next list any board members the number of managers you have and resignations or vacancies and any restrictions on Authority for decision-making many companies include answers to what happens when to account for surprises if you feel like you dont have the time and or energy to figure out an operating agreement on your own dont worry we can help you create an operating agreement for your LLC and