What is this service?
The Operating Agreement, known in Texas as the Company Agreement, is an internal agreement that sets the rules for how an LLC operates and is managed.
This document can identify the company's members, their ownership interests, management responsibilities, and internal decision-making procedures.
Ge Chanfon Services provides administrative assistance preparing and organizing this document using the information and instructions the owners provide.
The Operating Agreement does not replace the Certificate of Formation and does not by itself form a company.
Who is this service for?
- Owners of single-member LLCs who want to formally document how their business is organized.
- Multi-member LLCs that need to put their internal agreements in writing.
- Newly formed companies that do not yet have a written operating agreement.
- Businesses that need to organize their internal documents for banking or administrative purposes.
- LLCs that need to update administrative information in an existing agreement, when no legal advice is needed.
What type of Operating Agreement do you need?
Choose the option that fits your company to see the information required.
Tap an option to see its explanation, requirements, and costs.
Single-member LLC
It can identify the member, their ownership interest, and the general management rules.
Multi-member LLC
It can include ownership interests, contributions, and agreements on management and profit distribution. Complex agreements between partners should be prepared or reviewed by an attorney.
Member-managed LLC
For companies where the members manage the business directly, according to the entity's documents and agreements.
Manager-managed LLC
For companies run by one or more appointed managers, who may be members or other people.
Updating an Operating Agreement
If the change affects ownership, voting, transfer of interests, or other legal terms, an attorney must be involved.
What does our service include?
- Identifying the type of agreement requested.
- A questionnaire to collect the company's information.
- Organizing the members' and managers' information.
- Administrative preparation of a document based on a template.
- Adding the information and instructions the members provide.
- Administrative review of names, dates, and details.
- Delivering the document for review and signature by the corresponding people.
We do not draft customized legal clauses, resolve disputes between partners, or give advice on legal rights and obligations.
Main documents and information
- Full legal name of the LLC.
- State and date of formation.
- The company's main address.
- A copy of the Certificate of Formation, if available.
- Each member's name.
- Each member's ownership percentage, when applicable.
- Information about the managers.
- How the LLC is managed.
- Information about initial contributions, when applicable.
- Internal agreements the members have already made.
Important: Please do not send IDs or confidential personal information through the public form. After you hire us, we will email you the corresponding questionnaire.
Costs
Our fees
Government fees
| Item | Fee |
|---|---|
| Internal preparation of the Operating Agreement | No government fee |
| Filing with the Texas Secretary of State | Not applicable |
| EIN or LLC formation | Separate services |
The Operating Agreement is kept with the company's internal records. In Texas it is not filed with the Secretary of State.
Government fees are paid separately and are not included in our fees.
Frequently asked questions
What is an Operating Agreement?
It is an agreement that sets an LLC's internal rules, including matters related to its members and management.
Is an Operating Agreement required in Texas?
Texas recognizes company agreements, even when an LLC has a single member. The law does not generally require filing a written Operating Agreement with the state to form the LLC. However, having one can be useful to document the internal rules.
Does a single-owner LLC need an Operating Agreement?
It can have one even with a single member. It documents how the company is organized and managed.
Is the Operating Agreement filed with the state?
No. In Texas it is an internal document and is not filed with the Texas Secretary of State.
Is it the same as the Certificate of Formation?
No. The Certificate of Formation is filed to form the LLC. The Operating Agreement governs its internal affairs.
Does the Operating Agreement prove who the owners are?
It can document the members and their interests, but its value as evidence depends on its content, authenticity, and the requirements of the institution that asks for it.
Do I need it to open a bank account?
Some banks may ask for it as part of their account-opening requirements. Each institution sets its own documentation.
Does it need to be notarized?
There is no general Texas requirement to notarize every Operating Agreement. There may be particular circumstances or requirements.
Can I change it later?
Yes, according to its terms and applicable law. Changes that affect legal rights should be reviewed by an attorney.
What if I have several partners?
It is especially important to clearly set out the agreements on ownership, management, and decisions. We recommend legal help to draft or review the provisions between partners.
Does the Operating Agreement replace the EIN?
No. The EIN is a tax identification number issued by the IRS and serves a different purpose.
How to get started
- Fill out the request form.
- Receive the requirements, our fees, the contract, and the questionnaire by email.
- Review and sign the contract before making a payment.
- Provide the LLC's information and the agreements already made.
- Receive the prepared document for your review and signature.
Ge Chanfon Services LLC provides document preparation and administrative assistance. It is not a law firm and does not provide legal advice or representation. For customized clauses, disputes between members, or decisions about rights and obligations, consult a licensed attorney.