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#2006378 - 04/06/15 04:53 PM LLC Operating Agreement??
Theresa M Offline
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Theresa M
Joined: Mar 2007
Posts: 21
The state of Illinois does not REQUIRE an Operating Agreement for an LLC. If an LLC does not have a written Operating Agreement, does your bank require one?

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#2075520 - 04/25/16 06:07 PM Re: LLC Operating Agreement?? Theresa M
Kevin Offline
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Joined: Apr 2016
Posts: 12
We don't, because I feel that the statutory rules without the operating agreement are more favorable, since any member or manager can bind the LLC (unless the Articles of Organization limit that authority. We do require a certification from all members and managers that there is no OA.

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