FREE Operating Agreement templates – Texas-specific LLC operating agreements for single-member, multi-member, and manager-managed LLCs. Operating agreements for an LLC in Texas provide essential information such as the LLC's financial structure, organization, company rules, and regulations.The Texas Comptroller of Public Accounts collects management information for corporations and LLCs from the entity's Public Information Report (PIR). An LLC management agreement is needed when an LLC opts to appoint a manager to run the daytoday business operations. In this guide, we'll explore seven essential provisions that should be included in every LLC Operating Agreement. If the LLC initially has managers, select option A and provide the name and address of each initial manager in the space provided. Important elements of a Texas LLC operating agreement should include company name, ownership, management structure, member duties, and more. This article discusses the step-by-step process of writing a LLC operating agreement as effortlessly as possible. What's in a Texas Operating Agreement? What Should Be Covered in an LLC Operating Agreement?