Is it Required in Delaware?
No. LLC owners and members do not have to enter an operating agreement to form or run their Delaware LLC but are encouraged to do so since it is known to maintain an organization and its rules while adding to the credibility of the LLC. (Delaware Code Chapter 18 Limited Liability Company Act)
By Type (2)
State Definition
“Operating agreement,” or limited liability company agreement, is the document that establishes an LLC’s members (or owners), their voting powers and rights as well as the rules or policies that govern the LLC once each owner or member have agreed to it in writing or orally;