Business Operating Agreement Template
A comprehensive template for creating a Business Operating Agreement for LLCs and partnerships.
PN
By Penno TeamCreated February 20, 2025
About this template
This Business Operating Agreement Template provides a comprehensive framework for establishing the operational structure of a business. It outlines the roles, responsibilities, and financial arrangements among members, ensuring clarity and legal protection. Best practices include customizing the template to fit specific business needs, ensuring compliance with state laws, and having all members review and sign the agreement. Use cases include forming LLCs, partnerships, and joint ventures. This template is applicable across various industries, including startups, small businesses, and professional services.
How to use this template
1
Click "Start with this template"
Sign up or log in to your Penno account. The template will be imported into your workspace automatically.
2
Customize the content
Edit the template using Penno's AI-powered editor. Replace placeholder text, add your own content, and adjust formatting to match your needs.
3
Collaborate with your team
Share the document with team members, invite collaborators, and work together in real-time. All changes are saved automatically.
4
Export or share
When you're done, export your document in various formats (PDF, DOCX, HTML) or share it directly with others.
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