Here is a Membermanaged Operating Agreement template available in 3 formats. This can be used for a Single-Member LLC or a Multi-Member LLC.An LLC operating agreement is a foundational legal document that outlines the ownership and corporate governance of a limited liability company. An operating agreement is one of the most critical steps businesses take before starting a new venture. Download your free template today. This short document shows you what a multiple member limited liability company operating agreement looks like. Free operating agreement template for single member LLCs. Free sample operating agreement template you can complete in minutes. It's important to take the time to draft a comprehensive operating agreement that reflects the specific needs and goals of your LLC. The next step involves including your business information in the agreement.