You can write your own agreement, or fill out our attorney-drafted template to generate your multi-member LLC's operating agreement for free. Here is a Membermanaged Operating Agreement template available in 3 formats.This can be used for a Single-Member LLC or a Multi-Member LLC. It specifies each member's financial investment, percentage of ownership, responsibilities, and managing rights. Looking to create a multi-member operating agreement for your limited liability company (LLC)? Our free template will help you get started. This operating agreement is for an LLC with multiple members. The purpose of the LLC operating agreement is to define the rules and regulations around how the LLC will be managed and operated on a day to day basis. Los Angeles, California business attorney explains how to form a Limited Liability Company (Corporation) or incorporate a business in California. Streamline your company management with our California Multi-Member LLC Operating Agreement.