1. Legal Technology, Content and Solutions
  2. Products
  3. Practical Law - Legal Resources & Know-How for Professionals
  4. Practical Law Contracts and Agreements
  5. Operating Agreements | Practical Law | Thomson Reuters Legal

Operating agreements Build efficiency into your practice and boost client service with Practical Law resources

You can rely on operating agreements from Thomson Reuters Practical Law. Our standard documents, checklists, legal updates, how-to guides, and more are created and continuously maintained by our 230+ expert attorney-editors. Our legal know-how goes beyond primary law and traditional legal research to give lawyers a better starting point.

Operating agreements

An Operating Agreement, or LLC Agreement, is the basic governing document for the formation and management of a limited liability company. The agreement governs the operation of the company, including the members’ contractual rights, obligations, and restrictions relating to their membership interests in the company. 

Get a better starting point by leveraging Practical Law Operating Agreements. In addition to providing a form template, Practical Law standard documents like this Operating Agreement include integrated notes with important explanations and drafting and negotiating tips.

Practical Law includes multiple variations of Operating Agreements including agreements for single-member, joint venture, and multi-member LLCs, in both short-form and long-form versions, and with Delaware and other state-specific governing law, making it easy to find the right version for your client.    

Explore Practical Law features

Practice Notes

Use these fundamental resources to brush up on unfamiliar areas of law or transactions, and set yourself up for success.


Make sure you are addressing all the issues with Practical Law checklists.


Get a critical starting point and cut down the time you spend searching for relevant documents.

State Q&A

Find answers to state law questions and compare law across multiple jurisdictions.

What's Market

Access a database of summaries for publicly filed deals that allows you to analyze and compare terms or features.


Get access to relevant news articles across a broad spectrum of practice areas.

Get a free trial of Practical Law resources

See for yourself Practical Law can increase efficiency and help you serve clients confidently