Maryland Multi-Member LLC Operating Agreement Template
The partners' agreement for an LLC with two or more owners: who decides what, how money moves, and what happens when someone leaves. This edition of the form is completed for Maryland: the governing statute, filing office and document names below are already typed in, and the clauses Maryland law treats differently from the state-neutral version have been adjusted.
Buy and download
What the Maryland edition already fills in
Governing law line on the cover: Maryland — Maryland Limited Liability Company Act, Md. Code, Corps. & Ass'ns § 4A-101 et seq..
| Item | Maryland |
|---|---|
| LLC statute | Maryland Limited Liability Company Act, Md. Code, Corps. & Ass'ns § 4A-101 et seq. |
| Formation document (LLC) | Articles of Organization |
| Filing office | Maryland State Department of Assessments and Taxation (SDAT) |
| Annual filings | Annual report and personal property return by April 15 |
| Final filing on dissolution (LLC) | Articles of Cancellation |
| Publication requirement | None |
| Community property | No — common-law (separate) property state; the spousal acknowledgment is optional |
What is inside
- Key Terms table with every fill-in field on one page
- Manager-managed structure with a Major Decisions list
- 704(b) capital accounts and distribution rules
- Right of first refusal and buyout on death, disability or withdrawal
- Spousal acknowledgment for community-property states
- Instruction Sheet: every field, every choice, after-signing checklist
How it works
- Buy and download the zip (Word .docx files).
- Open the Instruction Sheet; it explains every field in plain language.
- Open the Maryland edition and replace each yellow [BRACKETED FIELD].
- Delete the cover page, print or sign electronically, keep the signed original with your records.
Questions
Is this multi-member llc operating agreement valid in Maryland?
Yes. The Maryland edition is the state-neutral form with the Maryland statute, filing office and document names typed in, and the clauses Maryland treats differently adjusted. It is a template you complete yourself; have an attorney licensed in Maryland review it if your situation is unusual.
What file do I get?
A zip with the Maryland edition and all other 50 state editions, each as Word (.docx) files in English and Spanish, plus the Instruction Sheet. Open in Microsoft Word, Google Docs or LibreOffice.
How do I complete it?
Open the Instruction Sheet first. Replace each yellow [BRACKETED FIELD] with your information, delete the options you do not use, delete the cover page, then print or e-sign.
Do I need a notary or a lawyer?
The Instruction Sheet says when a signature needs a notary and lists the situations where the form is not enough and an attorney should review it.
Other Maryland templates
- Maryland Single-Member LLC Operating Agreement
- Maryland LLC Resolutions and Written Consents Pack
- Maryland LLC Membership Interest Purchase Agreement (Member Buyout)
- Maryland LLC Dissolution and Winding-Up Kit
- Maryland Corporate Bylaws and Organizational Consents
- Maryland Corporate Resolutions and Secretary's Certificates Pack
- Maryland Non-Disclosure Agreement (NDA)
- Maryland Independent Contractor Agreement
- Maryland Services Agreement (Provider-Side)
- Maryland Promissory Note with Optional Guaranty
- Maryland Commercial Lease Agreement
- Maryland Employment Offer Letter + Employee Confidentiality Agreement
Multi-Member LLC Operating Agreement in other states
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