Tennessee LLC Operating Agreement

The Tennessee LLC operating agreement is an official document that outlines the membership requirements and structure of a company. It should be signed by the relevant members and managers.

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Last updated September 14th, 2026

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The Tennessee LLC operating agreement is an official document that outlines the membership requirements and structure of a company. It should be signed by the relevant members and managers.

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Is it Required in Tennessee?

No. Member-managed LLCs do not need to have an operating agreement under Tennessee state law, but all board-managed LLCs must adopt one in order to operate in this state. (TN Code § 48-206-101 (2023))

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” means the executed contract describing the provisions and membership structures that managers, owners, and company members acknowledge as the guidelines to their company;

TN Code § 48-249-203 (2021)

Sample

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