Your Texas LLC operating agreement is the governing document of your business. The Operating Agreement shows who owns the company, how profits are to be dealt with, and spells out steps on how any problems will be handled.The name and location of the registered agent will be as stated in the Company's formation documents and complies with Section 5.201 of the Code. Learn all about LLC operating agreements, why they are important, and what you'll need to include when drafting one for your LLC. Operating agreements are not required for LLCs in Texas, and you do not need to file anything with the State regarding your operating agreement. A Texas LLC Operating Agreement is a written contract between the LLC Members (LLC owners). How to fill out the Operating Agreement Manager-Managed LLC? The next step involves including your business information in the agreement. Should this occur, the facility will be required to fill out a damage report form. Our lawyers drafted a comprehensive operating agreement you can use for free.