Ensure your Operating Agreement stays up-to-date: LLC Operating Agreement Amendment
What we’ll cover
What is an LLC Operating Agreement Amendment?
An LLC Operating Agreement Amendment is a document that records changes to your LLC’s original Operating Agreement. Think of LLC Operating Agreement Amendments like an update or add-on to your business’s rulebook. You don’t have to rewrite the entire agreement—an amendment just changes the parts that no longer fit how your business runs.
Once agreed upon and signed, the amendment becomes part of your official LLC records and keeps your agreement legally accurate and enforceable. Without updating it, your business could run into confusion or disputes later. In short, it helps keep your LLC’s foundation strong as your company grows and changes.
When can you use an LLC Operating Agreement Amendment?
- You are adding or removing an owner, so you now need to update membership and ownership percentages.
- You are changing responsibilities, meaning you need to update who manages the business or how decisions are made.
- You are adjusting finances and need to change how profits are shared or how much each member contributes.
- You are growing or shifting direction and need to update rules for new services, locations, voting, or meetings.
Sample LLC Operating Agreement Amendment
The terms in your document will update based on the information you provide
Amendment to the Operating Agreement of __________
This Operating Agreement Amendment ("Amendment") to the Operating Agreement of __________, a __________ limited liability company ("Company"), is entered into as of __________ by and among the Members ("Members") of the Company.
Background. The Members entered into an Operating Agreement dated __________ ("Operating Agreement"). The Members now desire to amend the Operating Agreement as set forth below.
Amendments. The Agreement is hereby amended as follows:
No Other Changes. Except as expressly amended by this Amendment, all terms and conditions of the Agreement remain in full force and effect.
Execution in Counterparts. This Amendment may be executed in counterparts with the same effect as if the signatures thereto and hereto were upon the same document. A signed copy of this Amendment received via facsimile or other electronic transmission shall be given the same effect for all purposes as if it were an original.
Governing Law. This Amendment shall be governed by the laws of __________.
Signatories. IN WITNESS WHEREOF, the Members have executed this Amendment to the Operating Agreement of __________ as of the date first written above.
The Member(s):
__________
Date