Texas LLC Operating Agreement

A Texas LLC operating agreement is created by a company’s managers, members, and owners to lay out the membership and hierarchy. In addition to voting powers and contribution requirements, this agreement describes the company’s business procedures.

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Last updated December 6th, 2024

A Texas LLC operating agreement is created by a company’s managers, members, and owners to lay out the membership and hierarchy. In addition to voting powers and contribution requirements, this agreement describes the company’s business procedures.

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Is it Required in Texas?

No. Texas LLCs are not expected by state law to enact an operating agreement in order to function, but an LLC without one is generally considered vulnerable to internal and external risks. (Texas Business Organizations Code Limited Liability Companies Sec. 101.001)

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State Definition

“Operating agreement,” or company agreement, is the guidelines for the internal and external affairs of an LLC and the power structure and rights of members, owners, and managers;

Texas Business Organizations Code Limited Liability Companies Sec. 101.052