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.

Form Description Types

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