The state of Washington doesn’t require an LLC operating agreement being filed, so there’s no specific information, responsibilities, or authorities you must include in the document. However, we always recommend using one for your internal management. This template will help you outline those management rights.
7.1) The Members have the right to manage the business and affairs of the Company as they see fit. The Members have complete authority, power, and discretion to control the business and manage the affairs and properties of the Company. Written consent from all Members is required for one to act.
7.2) The Members have the authority, powers, and rights transferred by the laws of Washington state and those appropriate to the management of the Company, which by way of illustration but not by way of limitation, includes the following:
7.2.1) Members can acquire, develop, rent, lease, operate, exchange, subdivide, sell, and otherwise dispose of Company property.
7.2.2) Members can borrow money in amounts and on terms they deem in the best interests of the Company.
7.2.3) Members can pledge, mortgage, or otherwise subject the Company property to any security devices they deem important. They can also acquire security devices or mortgage replacements and prepay, finance, increase, modify, extend, or consolidate any security device or mortgage.
7.2.4) Members can create and enter into contracts they deem necessary or required concerning the Company and its business. They can also enter into a contract of insurance the Member considers essential for the protection of other Members or the Company.
7.2.5) Employ persons in the operation and management of the business, regardless of whether these persons are affiliates.
7.2.6) Prepare or request statements, reports, and other relevant documentation to distribute to the other Members.
7.2.7) Open, deposit into, and maintain accounts created for the Company at banks, loan and savings associations, and money markets.
7.2.8) Create and revoke any of the elections the Code mentions.
7.2.9) Decide whether the accounting year is a calendar or fiscal year, as the Internal Revenue Services approves.
7.2.10) Determine the accounting method the Company uses.