A managing director agreement is a contract between a company and an appointed managing director that establishes the terms and conditions of the relationship. When you form a Florida LLC, you must list the members or managers who are responsible for managing the company on your Articles of Organization.An operating agreement defines how your LLC is managed. It outlines member roles and sets rules for internal operations. Written approval of the TPO's contract administrator. b. Here is a Managermanaged Operating Agreement template available in 2 formats. This can be used for a Single-Member LLC or a Multi-Member LLC. Chief Executive Director. CEO, Chief Executive Officer. Identification of all LLC members.