Alabama LLC Operating Agreement

An Alabama LLC operating agreement is a written agreement among the members of a company that governs its affairs and ownership. It is commonly agreed to when submitting the articles of organization and other incorporation documents.

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Last updated September 26th, 2024

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An Alabama LLC operating agreement is a written agreement among the members of a company that governs its affairs and ownership. It is commonly agreed to when submitting the articles of organization and other incorporation documents.

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Is it Required in Alabama?

Yes, effective August 1, 2024, an operating agreement must be entered into by the members “before, after, or at the time of filing the certificate of formation.” (§ 10A-5A-2.01(d))

By Type (2)

Single-Member LLC Operating Agreement – For a company with one member.

Multi-Member LLC Operating Agreement – For a company with two or more members.

State Definition

“LIMITED LIABILITY COMPANY AGREEMENT means any agreement (whether referred to as a limited liability company agreement, operating agreement or otherwise), written, oral or implied, of the member or members as to the activities and affairs of a limited liability company or series thereof. The limited liability company agreement of a limited liability company having only one member shall not be unenforceable by reason of there being only one person who is a party to the limited liability company agreement. The limited liability company agreement includes any amendments to the limited liability company agreement.”

Section 10A-5A-1.02(l)

Sample

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