LLC Operating Agreement in Texas

Texas Requirements

• Operating agreement is not required by statute but is strongly recommended
• Certificate of Formation must be filed with the Secretary of State ($300)
• No state income tax — but franchise (margin) tax may apply
• Annual public information report and franchise tax report due May 15
• Must designate a registered agent and registered office in Texas

How to Complete This Form

1. 1Determine the management structure of the LLC (member-managed or manager-managed).
2. 2Define each member's ownership percentage and capital contributions.
3. 3Outline how profits and losses will be allocated among members.
4. 4Establish voting rights, decision-making procedures, and meeting requirements.
5. 5Include provisions for adding or removing members and transferring membership interests.
6. 6Address dissolution procedures and what happens if a member leaves or passes away.
7. 7Have all members sign the agreement and retain copies with the company records.

LLC Operating Agreement in Other States

Other Forms in Texas