An operating agreement lays out the expectations for all members of your Texas LLC, their roles, rights and responsibilities. Your llc operating agreement basically tells someone how the business operates.Important elements of a Texas LLC operating agreement should include company name, ownership, management structure, member duties, and more. In most states, operating agreements are not required, but getting LLC operating agreements in place is generally a prudent move. A Texas Operating Agreement creates the policies and procedures for your LLC. Our free, attorney-drafted templates can get you started. A Texas LLC operating agreement is the legal paperwork used to delineate a company's procedures, policies, and other features. Step 4: Develop a Comprehensive Operating Agreement. Although Texas Law does not require LLC's to have a written operating agreement, it is unwise to establish a LLC without one. Online filing of a certificate of formation is provided through SOSDirect.