Question 1

What does a custom LLC Operating Agreement include?

Accepted Answer

Your custom LLC Operating Agreement will include:

• Governance structure (manager-managed vs member-managed)
• Voting rights and meeting procedures
• Capital contribution requirements and schedules
• Profit and loss allocation formulas
• Distribution policies and procedures
• Transfer restrictions and buy-sell provisions
• Right of first refusal (ROFR) terms
• Member admission and withdrawal rules
• Tax matters partner designation
• Dispute resolution and deadlock procedures
• Dissolution and wind-up provisions

Each section is tailored specifically to your LLC's structure, whether you're a single-member, multi-member, or manager-managed LLC.

Question 2

What's the delivery timeline and process?

Accepted Answer

Standard delivery is 3 business days from when we receive your completed questionnaire.

Here's the timeline:
• Day 0: Complete checkout and receive AI questionnaire via email
• Day 1: Complete questionnaire (usually takes 15-20 minutes)
• Days 2-4: Licensed US attorney drafts your custom agreement
• Day 5: You receive your draft for review
• Days 6-7: Request amendments if needed (one round included)

Express delivery (1 business day) is available for $450 additional. With express, you'll receive your draft within 24 hours of completing the questionnaire.

Question 3

Who drafts my LLC Operating Agreement?

Accepted Answer

Your agreement is drafted by a licensed US attorney with corporate law experience. Our team specializes in LLC formation documents and operating agreements across all 50 states.

All attorneys are:
• Licensed and in good standing with their state bar
• Experienced in LLC governance and corporate structure
• Trained in drafting enforceable, state-compliant agreements
• Available for follow-up consultations if needed

Question 4

How does the AI questionnaire work?

Accepted Answer

After checkout, you'll receive an email with a link to our AI-powered questionnaire. It adapts based on your answers, asking only relevant questions about:

• Number of members and ownership percentages
• Management structure (member-managed or manager-managed)
• Capital contributions (cash, property, services)
• Profit/loss allocation preferences
• Distribution policies
• Transfer restrictions and buy-sell triggers
• Voting thresholds for major decisions
• Tax classification preferences

The questionnaire takes 15-20 minutes and saves your progress. You can complete it in multiple sessions if needed.

Question 5

Are revisions included?

Accepted Answer

Yes, one round of revisions is included in your base price. After you receive the first draft, you can request changes to any provisions, and our attorney will revise the agreement accordingly.

If you need additional revision rounds, they're available for $150 per round. Most clients find one round is sufficient to finalize their agreement.

Question 6

Can I consult with an attorney about my agreement?

Accepted Answer

Yes! A 30-minute consultation with the drafting attorney is available for $200. This is helpful if you:

• Have complex governance requirements
• Need guidance on capital structure
• Want to discuss buy-sell provisions
• Have questions about tax implications
• Need help implementing the agreement

You can book a consultation any time during or after the drafting process.

Question 7

How is this different from a template?

Accepted Answer

Generic templates are one-size-fits-all and often contain:
• Provisions that don't apply to your LLC
• Blanks you must fill in (often incorrectly)
• Outdated or non-compliant language
• No guidance on complex issues like vesting or buy-sell terms

Our custom approach means:
• Every provision is written specifically for your LLC
• All blanks are filled with legally accurate information
• Language is current and state-compliant
• Complex provisions (capital accounts, tax allocations) are properly drafted
• A licensed attorney reviews your specific situation
• One round of revisions is included

Question 8

What specific areas does the agreement cover?

Accepted Answer

Your agreement includes comprehensive coverage of:

Governance:
• Management structure and authority
• Voting rights and thresholds
• Meeting and consent procedures
• Officer roles and responsibilities

Economics:
• Initial and additional capital contributions
• Capital accounts and tracking
• Profit and loss allocations
• Distribution policies and timing
• Tax allocations and reporting

Transfers & Succession:
• Transfer restrictions and approval process
• Right of first refusal (ROFR)
• Buy-sell triggers (death, disability, bankruptcy)
• Member admission and withdrawal
• Valuation methods for buyouts

Protections:
• Fiduciary duties and limitations
• Indemnification provisions
• Dispute resolution and arbitration
• Dissolution and wind-up procedures

Question 9

Does this comply with my state's LLC laws?

Accepted Answer

Yes. Our attorneys are experienced in LLC law across all 50 states. Your operating agreement will comply with your state's:

• LLC formation statutes
• Default rules and mandatory provisions
• Transfer and dissolution requirements
• Tax classification rules

We'll ask which state your LLC is formed in during the questionnaire, and your agreement will be tailored to that state's requirements.

Question 10

Can I amend the agreement later?

Accepted Answer

Yes. Your operating agreement will include an amendments clause that specifies how changes can be made (typically requiring member approval based on your chosen voting thresholds).

If you need help drafting amendments in the future, we offer amendment drafting services starting at $300, depending on complexity.

Question 11

Will this help with implementation?

Accepted Answer

Your agreement will include clear guidance on implementation, including:

• Signature requirements and execution instructions
• Where to store and how to share the agreement
• Initial steps for capital contributions
• Setting up capital accounts
• Tax election deadlines (if applicable)
• Recommended annual compliance items

You'll also receive a brief implementation checklist with your final agreement.

Question 12

What happens after I receive the agreement?

Accepted Answer

After you approve the final version:

1. You'll receive a Word document and PDF of your agreement
2. All members should review and sign the agreement
3. Store the signed agreement securely (we recommend both physical and digital copies)
4. Provide copies to your tax advisor and any registered agent
5. Follow the implementation checklist for capital contributions and tax elections
6. Keep the agreement updated if your LLC structure changes

You'll have lifetime access to your agreement documents in your AirCounsel dashboard.

Custom LLC Operating
Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Custom Agreement Works

Governance & Voting

Capital & Economics

Transfers & Buy‑Sell

Tax & Compliance

Dispute Resolution

Amendments & Support

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Custom LLC OperatingAgreement