Sample Operating Agreement for Professional Limited Liability Company PLLC - Illinois 2026

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  1. Click ‘Get Form’ to open the Sample Operating Agreement in our editor.
  2. Begin by filling in the name of your professional practice in the designated blank at the top of the document.
  3. In Article I, specify the formation date and complete the LLC name. Ensure that all members are licensed professionals as required by Illinois law.
  4. Proceed to Article II and list all initial members along with their capital contributions and percentage interests in the LLC.
  5. In Article III, outline how management will be structured. Decide if members will manage directly or appoint managers, and fill in any necessary details regarding officers.
  6. Continue through Articles IV to X, ensuring you accurately detail contributions, profits, losses, voting rights, and dissolution procedures as applicable to your LLC's operations.
  7. Finally, review all sections for accuracy and completeness before saving your document. Utilize our platform’s features to sign and share your completed agreement effortlessly.

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How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLCs members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.
The PLLC is not a corporation or a sole proprietorship, but a form of the two together. It has an operating agreement that controls how the company is managed, its overall purpose, how members can join or withdraw, and what happens should the company dissolve.

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