Write an operating agreement

This is the rulebook for your LLC: who owns what, who makes decisions and what happens if someone leaves. Even a one-person LLC should have one, because it helps show the business is separate from you.

• Cover ownership percentages, how profits are split, voting, and what happens if an owner leaves or dies.
• Not every state requires one, but many banks ask to see it.
• If you have partners, have an attorney review it. It prevents expensive fights later.

This playbook is general information, not legal, tax or financial advice. Rules change, so confirm details with a licensed professional. Last reviewed September 2026.