Michigan LLC Operating Agreement

A Michigan LLC operating agreement keeps a company’s policies consistent over time, especially if it is executed on paper by every member. Additionally (in most cases), it ensures that many potential disputes within the company are settled internally.

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Last updated December 6th, 2024

A Michigan LLC operating agreement keeps a company’s policies consistent over time, especially if it is executed on paper by every member. Additionally (in most cases), it ensures that many potential disputes within the company are settled internally.

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Is it Required in Michigan?

No. The State of Michigan does not require LLC owners and members to adopt an operating agreement; however, many believe this contract is indispensable to their company, especially in preserving member status. (MCL 450.4502)

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State Definition

“Operating agreement” means the willfully executed contract defining how a company is run made between the sole member of an LLC and the company or between all LLC owners or members and their company;

MCL 450.4102(2)(r)