Texas LLC Operating Agreement lists owners of your LLC. Download this free Operating Agreement Template to start your business.Your llc operating agreement basically tells someone how the business operates. LLC operating agreements establish how a limited liability company is to be run and are equivalent to a corporation's bylaws. Important elements of a Texas LLC operating agreement should include company name, ownership, management structure, member duties, and more. This free LLC operating agreement was designed as a general template that can work in any state. (We also offer state-specific operating agreements below.) Duration: Pursuant to section 3.003 of the BOC, a Texas LLC exists perpetually unless provided otherwise in the certificate of formation. Attorney provides you with a step-by-step video walkthrough of how to create your own Operating Agreement for your LLC for FREE! Free operating agreement template for single member LLCs.