Illinois LLC Operating Agreement
An LLC Operating Agreement decides the conditions by which the LLC will operate. Relevant terms include the purpose of the LLC, the way in which it is managed, and the members’ rights and obligations. In cases of conflict, courts will look to the Agreement to resolve disputes.
Illinois Multi Member LLC Operating Agreement
An Illinois Multi Member LLC Operating Agreement asserts the rights and responsibilities of those members listed on Schedule A attached to the Agreement. Members may choose to have a manager-managed or a member managed LLC. Form Description Types
Illinois Single Member Operating Agreement
An Illinois Single Member LLC Operating Agreement claims a solo LLC possessor’s rights and obligations under the Illinois Limited Liability Company Act. Because this LLC only has one member, this entity will be a member managed enterprise. Form Description Types