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Updated over 7 years ago on . Most recent reply

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Steve K.
  • Realtor
  • Boulder, CO
5,106
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Operating Agreement to share?

Steve K.
  • Realtor
  • Boulder, CO
Posted

Does anybody have a good operating agreement that they would be willing to share with me to adapt into our own? Colorado doesn't require one to set up an LLC but our lender wants one so I need to write one. Looked online but only found generic samples that I could work off of if needed but if anybody has a really good one they'd be willing to share for me to work off of and customize for our LLC it would be greatly appreciated. We just paid a lawyer too much $ to review our lease agreement, so I'm hoping to find a good operating agreement without feeding the lawyers any more of our hard earned money if possible (sorry lawyers).

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Ralph R.
  • Investor
  • Bethel, AK
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Ralph R.
  • Investor
  • Bethel, AK
Replied

Steve King Pay the lawyer. The operating agreement is not generic. They are different for each LLC depending on what business /purpose you have the LLC for. I have some for properties in my trust a different one for properties my wife and I own together and a different one for a cleaning business. Each has a different operating agreement. All are in Colorado. Besides if something happens you need it to be something a lawyer can defend in court. RR

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