Operating agreements can generally be customized, subject to applicable law. Swyft Filings currently offers customized operating agreements through certain formation offerings.

An operating agreement is an internal LLC governance document rather than the state formation filing. It can address ownership percentages, management authority, voting, contributions, distributions, transfers, and what happens if a member joins or leaves. Even when a state does not require the agreement to be filed publicly, maintaining a current written agreement can help document how the owners intend the LLC to operate.