Is it Required in Arkansas?

No. LLCs do not need to develop an operating agreement in this state (Arkansas) but should implement one since they are considered binding, especially when signed and dated. (A.C.A. § 4-38)

By Type (2)

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

Download: PDF, MS Word (.docx)

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

Download: PDF, MS Word (.docx)

State Definition

“Operating agreement” is the agreed upon membership roster for an LLC as well as its policies on internal and external business activities whether verbal or in writing;

A.C.A. § 4-38(102)

Sample

Download: PDF, MS Word

Arkansas LLC Operating Agreement