Texas LLC Operating Agreement Template

An LLC operating agreement in Texas defines how your limited liability company is managed, how profits are distributed among members, and what happens if a member leaves or the company dissolves. In Texas, an LLC operating agreement is not legally required but strongly recommended for maintaining liability protection. The default rules are governed by Texas Business Organizations Code Chapter 101.

Without an operating agreement, Texas's default LLC statutes govern your business — and these default rules rarely align with what members actually intend. For example, default rules may require equal profit-sharing regardless of capital contributions, allow any member to bind the company, or impose restrictive dissolution triggers. A properly drafted operating agreement overrides these defaults. Texas also offers series LLCs, which available under BOC §101.601 — allows separate series with distinct assets and liabilities. Use our LLC operating agreement generator to create a Texas-compliant agreement.