Maryland LLC Operating Agreement

A Maryland LLC operating agreement is a staple for many companies since it outlines how the members of a company will conduct business. While considered an internal agreement, it is often sought for functions in banking and other financial processes.

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Last updated September 15th, 2026

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A Maryland LLC operating agreement is a staple for many companies since it outlines how the members of a company will conduct business. While considered an internal agreement, it is often sought for functions in banking and other financial processes.

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Is it Required in Maryland?

No. Maryland law does not currently include a demand on LLCs to conduct business under an operating agreement but does govern and enforce one that is executed. (Maryland Corporations and Associations Code Section §4A–402)

By Type (2)

 Single-Member LLC Operating Agreement – For a company with one member.

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Multi-Member LLC Operating Agreement – For a company with two or more members.

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State Definition

“Operating agreement” is an internal contract made by LLC members and owners containing the agreed-upon company policies or rules for conducting business;

Maryland Corporations and Associations Code Section §4A–101

Sample

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