Download a free Maryland LLC Operating Agreement. List LLC Members, how profits are split, and how your LLC is taxed.The Operating Agreement outlines the basic operating rules for the limited liability company. It functions similarly to the "by-laws" in a corporation. This is a Legally Binding Contract; If Not Understood, Seek Competent Legal Advice. This video provides a step-by-step guide on how to fill out Maryland's Residential Contract of Sale form. You can use one of our attorney-drafted templates to fill out, save, and download your operating agreement for free. An Operating Agreement in Maryland outlines the ownership and operating procedures of your LLC. You will likely opt to have ownership reflect each person's initial investment in the business. Forms Finder. Search.