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The document should answer these basic questions

Who needs an operating agreement?
Where to file operating agreement for llc?
When to draft operating agreement?
What is operating agreement?
How to amend operating agreement?
Are operating agreements public record?
Why llc operating agreement?
Which operating agreement for corporation?
Can an operating agreement be amended?
Will operating agreement?

Other names for the document:

One page operating agreement
Single member llc operating agreement
Operating agreement for corporation
Family llc operating agreement template
Llc operating agreement florida
Free corporation operating agreement template
Llc operating agreement california
Operating agreement llc texas

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All LLC's with two or more members should have an operating agreement. This document is not required for an LLC, but it's a good idea in any case. An operating agreement is similar to the by-laws that guide a corporation's board of directors and a partnership agreement, which is used by partnerships.
Get together with your co-owners and a lawyer, if you think you should (it's never a bad idea), and figure out what you want to cover in your agreement. Then, to create an LLC operating agreement yourself, all you need to do is answer a few simple questions and make sure everyone signs it to make it legal.
An LLC can be structured to be taxed in the same manner as a partnership however the owners or partners of a partnership are jointly and severally liable for the debts and obligations of the partnership. The operating agreement is a separate document and is an agreement between the owners of the LLC.