Create Document
Is it Required in Tennessee?
No. Member-managed LLCs do not need to have an operating agreement under Tennessee state law, but all board-managed LLCs must adopt one in order to operate in this state. (TN Code § 48-206-101 (2023))
By Type (2)
State Definition
“Operating agreement” means the executed contract describing the provisions and membership structures that managers, owners, and company members acknowledge as the guidelines to their company;