The Operating Agreement outlines the basic operating rules for the limited liability company. It functions similarly to the "by-laws" in a corporation.A Maryland Operating Agreement creates the policies and procedures for your LLC. Our free, attorney-drafted templates can get you started. The Members have formed a Limited Liability Company ("Company") subject to the laws of the State of Maryland. A Maryland LLC Operating Agreement is a legal document for LLC members to document how an LLC in Maryland will be run. Make yours for free and save, print. You may wish to construct a written Operating Agreement, especially if you have more than one member. Create a legally binding Maryland LLC Operating Agreement with PandaDoc. Access our template to simplify the process with a legitimate agreement today.