Your LLC needs an operating agreement—even if your state doesn’t require it. This document isn’t just paperwork; it’s the rulebook that prevents founder disputes, clarifies profit splits, and shields your personal assets. Without one, courts can pierce your LLC’s liability protection, leaving your savings and property vulnerable. The good news? Fiverr’s legal experts draft custom LLC operating agreements for as little as $99, saving you thousands in legal fees. Here’s why skipping this document is a risk you can’t afford—and how to secure yours fast.
Table of Contents
5 Reasons Your LLC Needs an Operating Agreement
- Protects Limited Liability Status
Without an operating agreement, courts may treat your LLC as a sole proprietorship, stripping liability protection.
- Clarifies Ownership & Profit Splits
- Define member percentages (e.g., “Member A: 60%, Member B: 40%”).
- Outline distribution schedules (monthly, quarterly, etc.).
- Prevents Founder Disputes
- Set rules for decision-making (voting rights, deadlock resolution).
- Plan for exits (e.g., buyout terms if a member leaves).
- Customizes State Default Rules
- Override generic state laws with terms tailored to your business.
- Boosts Credibility
Banks, investors, and partners often require an operating agreement to work with you.
What’s Inside a $99 Fiverr Operating Agreement?
Fiverr’s freelancers draft agreements that include:
- Member Roles & Responsibilities (management vs. silent partners).
- Profit/Loss Allocations (detailed percentages and timelines).
- Dissolution Clauses (how to wind down the LLC).
- Dispute Resolution (mediation steps before lawsuits).
Pro Tip: For multi-member LLCs, add vesting schedules to protect against sudden departures.
3 Risks of Not Having an Operating Agreement
Personal Asset Exposure
Courts can ignore LLC protections, putting your home or savings at risk.
Profit Conflicts
Ambiguous splits lead to “Why did they get more?” battles.
State Control
Default laws may force unwanted structures (e.g., equal profit splits regardless of investment).
How to Get Your LLC Operating Agreement for $99
- Choose a Fiverr Legal Expert
Search “LLC operating agreement” and filter by reviews (4.8+ stars).
- Answer a Quick Questionnaire
Provide basics:
- Member names and ownership percentages.
- Management structure (member-managed vs. manager-managed).
- Special clauses (e.g., non-compete rules).
- Review & Revise
Most sellers deliver drafts in 2–3 days and include 1–2 free edits.
Example Cost:
- Basic Single-Member LLC Agreement: $99
- Multi-Member LLC with Custom Clauses: $150–$300
FAQs About LLC Operating Agreements
Q: Is an operating agreement legally required?
A: Only a few states mandate it, but every LLC needs one to avoid risks.
Q: Can I use a free template?
A: Templates lack customization. Fiverr’s $99 gigs tailor agreements to your business.
Q: What if I’m a single-member LLC?
A: You still need one! It reinforces liability protection and plans for future partners.
Q: How often should I update it?
A: Review yearly or when adding members, changing roles, or entering new markets.
Q: Can Fiverr help with LLC formation too?
A: Yes! Many sellers bundle operating agreements with formation services for discounts.
Final Takeaway: $99 Today Saves Thousands Tomorrow
An LLC operating agreement isn’t optional—it’s your business’s insurance policy. For less than a fancy dinner, Fiverr’s experts secure your assets, prevent disputes, and keep your LLC legit.
Ready to lock in protection? Browse Fiverr’s LLC services and hire your legal pro today!