Business Tools

Texas LLC Operating Agreement Template

Not required by statute; Texas calls it a company agreement, which may be written, implied, or oral (§ 101.001(1)), and the Code governs where it is silent (§ 101.052(b)). Fill in the form to build a Texas company agreement for a single-member or multi-member LLC, governed by the Texas Limited Liability Company Law. Download it as PDF or Word and keep the signed copy with the company records; it is not filed with the state.

This template is a starting point, not legal advice, and Jupid is not a law firm. LLC law differs by state, and Texas courts apply Texas law. Have an attorney licensed in your state review the agreement before every member signs, especially if members contribute property, receive unequal rights, or plan to bring in investors.

Your LLC

Company

Governed by the Texas Limited Liability Company Law. Not required by statute, but strongly recommended. Texas rules

Owners

Member

Management

Match what your Certificate of Formation says, if it states the management structure.

Taxes

Succession

Lets the LLC continue without a gap in ownership. Coordinate with your will or trust.

Live preview: 11 articles

Company Agreement of Blue Harbor Studio LLC

A Texas single-member, member-managed limited liability company

This Company Agreement (this "Agreement") of Blue Harbor Studio LLC (the "Company") is made effective as of March 2, 2026 (the "Effective Date") by its sole member listed in Schedule A (the "Member").

Article 1. Formation

1.1 Formation. Blue Harbor Studio LLC (the "Company") was formed as a Texas limited liability company on March 2, 2026 by filing its Certificate of Formation with the Texas Secretary of State. The Texas Limited Liability Company Law (the "Act") and this Agreement govern the Company. Where this Agreement differs from a default rule of the Act, this Agreement controls to the extent the Act allows.

1.2 Purpose. The purpose of the Company is graphic design, branding and marketing services, and any other lawful business for which a limited liability company may be formed under the Act.

1.3 Principal Office. The Company's principal office is at 1200 Main Street, Suite 300, Austin, TX, or at another place the Member chooses.

1.4 Registered Agent. The Company's registered agent and registered office in Texas are those stated in its most recent filing with the Texas Secretary of State.

1.5 Term. The Company continues until it is dissolved and its affairs are wound up under Article 10.

Article 2. Sole Member and Capital

2.1 Sole Member. Alex Rivera (the "Member") is the sole member of the Company and owns 100% of the membership interests. The Member's address and Capital Contribution are listed in Schedule A.

2.2 Capital Contribution. The Member has contributed or will contribute the money, property or services stated in Schedule A. The Member is not required to make any additional contribution but may do so at any time.

2.3 No Interest on Capital. The Member earns no interest on its Capital Contributions. A loan from the Member to the Company is not a Capital Contribution.

Article 3. Allocations and Distributions

3.1 Profits and Losses. All profits and losses of the Company are allocated to the Member.

3.2 Distributions. The Member decides when the Company makes distributions and in what amounts.

3.3 Limits on Distributions. The Company will not make a distribution if, after the distribution, the Company could not pay its debts as they become due in the ordinary course of business, its total liabilities would exceed its total assets, or the distribution would otherwise violate the Act.

Article 4. Tax Classification

4.1 Classification. The Company has one Member. Under Treasury Regulations Section 301.7701-3(b)(1)(ii), it is disregarded as an entity separate from its owner for federal income tax purposes unless the Member elects otherwise by filing IRS Form 8832 or Form 2553. Being disregarded for income tax purposes does not change the Company's separate legal existence or the Member's limited liability under the Act.

Article 5. Management

5.1 Management by the Member. The Company is member-managed. The Member has full authority to run the business, sign contracts, open accounts and take any other action for the Company. The Member may act by signing a written consent and is not required to hold meetings.

5.2 Officers and Agents. The Member may appoint officers or agents, give them titles and delegate authority to them in writing.

Article 6. Transfers and Additional Members

6.1 Transfers. The Member may transfer all or part of its membership interest. A person who receives the Member's entire interest is admitted as a member when the transfer takes effect.

6.2 Additional Members. The Member may admit additional members by written consent. When a second member is admitted, the members will sign an amended operating agreement that covers voting, distributions and transfers. Once the Company has two or more members, it is classified as a partnership for federal income tax purposes unless it has elected to be taxed as a corporation.

Article 7. Death or Incapacity of the Member

7.1 Successor on Death. On the Member's death, the person who inherits the Member's interest under the Member's will or trust or under the laws of intestacy succeeds to the Member's entire interest and is admitted as the member effective as of the date of death, so that the Company continues without dissolution. Until the successor is admitted, the Member's personal representative may exercise all of the Member's rights to manage the Company.

7.2 Incapacity. If the Member becomes unable to manage the Company because of a physical or mental condition, the Member's agent under a durable power of attorney, or a court-appointed guardian or conservator, may exercise the Member's management rights until the Member can act again.

Article 8. Books, Records, Bank Accounts and Separateness

8.1 Books and Fiscal Year. The Company keeps complete and accurate books of account. Its fiscal year is the calendar year unless tax law requires otherwise, and its books are kept on the cash or accrual method the Member chooses for its tax returns.

8.2 Records. The Company keeps the records required by Tex. Bus. Orgs. Code § 101.501, at the location that section requires, including a copy of its Certificate of Formation and all amendments, this Agreement and all amendments, a current list of its Member with addresses, Capital Contributions, and its federal, state and local tax returns and financial statements for at least the three most recent years.

8.3 Bank Accounts. All Company money is deposited in accounts in the Company's name and used only for Company purposes. Company funds are never mixed with the personal funds of the Member. The Member, and anyone they authorize in writing, may sign on Company accounts.

8.4 Separate Existence. The Company holds itself out as a legal entity separate from the Member. It signs contracts in its own name, pays its debts from its own funds, keeps its own books and accounts, and does not pay the personal expenses of the Member. These practices help preserve the limited liability the Act gives to the Member.

Article 9. Limited Liability, Exculpation and Indemnification

9.1 Limited Liability. To the fullest extent the Act allows, no Member or officer is personally liable for any debt, obligation or liability of the Company, whether arising in contract, tort or otherwise, solely because of that role. A failure of the Company to observe formalities is not a ground for imposing personal liability on the Member.

9.2 Exculpation. No Member or officer is liable to the Company for any act or omission in good faith on behalf of the Company, except for gross negligence, willful misconduct, a knowing violation of law, a transaction from which the person received an improper personal benefit, or a breach of this Agreement.

9.3 Indemnification. To the fullest extent the Act allows, the Company will indemnify and hold harmless the Member and each officer against losses, judgments, settlements and reasonable legal fees arising from claims related to the Company's business, except for conduct listed as an exception in Section 9.2. The Company may advance legal fees if the person agrees in writing to repay them if it is later determined that the person was not entitled to indemnification.

9.4 Insurance. The Company may buy insurance on behalf of any person it may indemnify.

Article 10. Dissolution and Winding Up

10.1 Events of Dissolution. The Company dissolves only on:

  1. the Member's written decision to dissolve;
  2. the sale of all or substantially all of its assets, after the sale proceeds are collected;
  3. the Company having no member, if no successor is admitted under Article 7 and the Company is not otherwise continued as the Act permits;
  4. entry of a court order of dissolution; or
  5. any other event that requires dissolution under the Act.

10.2 Winding Up. On dissolution, the Member will wind up the Company's affairs, sell or distribute its assets, and file the dissolution or cancellation documents the Texas Secretary of State requires.

10.3 Order of Payment. Company assets are applied in this order: first, to creditors, including the Member if it is a creditor, in satisfaction of the Company's debts; second, to reasonable reserves for contingent liabilities; and third, to the Member.

Article 11. General Provisions

11.1 Governing Law. This Agreement is governed by the laws of the State of Texas, including the Texas Limited Liability Company Law (Tex. Bus. Orgs. Code Title 1 and ch. 101).

11.2 Entire Agreement. This Agreement, including its schedules, is the entire agreement of the Member about the Company and replaces any earlier oral or written agreement on the same subject.

11.3 Amendments. This Agreement may be amended only by a writing signed by the Member.

11.4 Severability. If any provision of this Agreement is held invalid or unenforceable, the rest of the Agreement stays in effect, and the provision is enforced to the greatest extent allowed.

11.5 Binding Effect; No Third-Party Beneficiaries. This Agreement binds and benefits the Member and its permitted successors and assigns. No creditor or other third party may enforce it.

Signatures

The Member signs this Agreement effective as of the Effective Date.

Member: Alex Rivera

Date: ________________

Schedule A: Member

MemberAddressCapital contributionPercentage interest
Alex Rivera48 Oak Lane, Austin, TX$5,000 (Cash)100%
Total$5,000100%

Template from jupid.com. Not legal advice; Texas law varies, so have an attorney review this document before signing.

Everything stays in your browser. A draft is saved on this device so you can come back to it.

Need to form the LLC first?

Jupid's AI agent prepares and files your formation paperwork. You pay only the Texas filing fee, and Jupid keeps the books and taxes on track after filing.

Start your LLC

Texas Operating Agreement Facts

LLC statute

Texas Limited Liability Company Law (Tex. Bus. Orgs. Code Title 1 and ch. 101)

Required?

Not required by statute; Texas calls it a company agreement, which may be written, implied, or oral (§ 101.001(1)), and the Code governs where it is silent (§ 101.052(b)).

Filed with the state?

No. You file the Certificate of Formation with the Texas Secretary of State; the company agreement stays with the company records.

What the statute calls it

company agreement

Records rule

If the company agreement is in writing, the LLC must keep a copy, with amendments and restatements, at its principal office in the United States or make it available there within five days of a written request (Tex. Bus. Orgs. Code § 101.501(a)(4)).

Annual or biennial report

No Secretary of State annual report. Each year by May 15, Texas LLCs file a Public Information Report (or Ownership Information Report) with the Comptroller, plus a franchise tax report if revenue is above the no tax due threshold.

Series LLCs

Authorized, Tex. Bus. Orgs. Code § 101.601 et seq. (Subchapter M: series, protected series, and registered series)

Community property state

Yes. Spouses who own an LLC as community property may treat it as a disregarded entity or a partnership (IRS Rev. Proc. 2002-69). The template's spousal consent exhibit is on by default.

State entity tax

Franchise tax: for 2026 and 2027 reports the no tax due threshold is $2,650,000, the rate is 0.375% (retail or wholesale) or 0.75% (other), and the annual report is due May 15 (Texas Comptroller).

Texas calls it a company agreement

Texas does not use the term operating agreement. The Texas Business Organizations Code, through Chapter 101 and the parts of Title 1 that apply to LLCs (together the "Texas Limited Liability Company Law," § 1.008(e)), calls the members' governing contract a company agreement. Section 101.001(1) defines it as any agreement, written, implied, or oral, of the members about the LLC's affairs, and confirms that a single-member company agreement is enforceable. The Code does not require one. Where the company agreement is silent, the Code governs (§ 101.052(b)), and most Code provisions may be waived or modified in it, apart from the list in § 101.054.

The Secretary of State will not accept a company agreement for filing; its FAQ says no statute permits filing internal governing documents. If the agreement is written, the LLC must keep a copy with all amendments at its principal office in the United States, or make it available within five days of a written request (§ 101.501(a)(4)).

Texas default rules

If the company agreement is silent, management follows the certificate of formation: managers govern if the certificate says the LLC has managers, otherwise members do (§ 101.251(b)). Each member has an equal vote (§ 101.354), and an act needs a majority of those present at a meeting with a quorum (§ 101.355). Acts outside the ordinary course need a majority of all governing persons, and fundamental business transactions need a majority of all members (§ 101.356). Amending the company agreement takes every member's consent (§ 101.053).

Profits, losses, and distributions follow the agreed value of each member's contribution as stated in the company's records (§§ 101.201, 101.203). A member may not withdraw or be expelled (§ 101.107), and fair value on withdrawal is paid only when the company agreement grants a withdrawal right (§ 101.205). An assignee receives assigned allocations and distributions but no management rights, and becomes a member only with approval of all members (§§ 101.108, 101.109).

Texas series, community property, and franchise tax

Texas authorizes series LLCs, including protected series and registered series, in Subchapter M (§ 101.601 et seq.). The Secretary of State's FAQ notes that the language required by § 101.602(a)(1) and (2) must appear in both the certificate of formation and the company agreement, and that separate records must be kept for each series' assets.

Texas is a community property state. A married couple that owns an LLC as community property may treat it as a disregarded entity or as a partnership for federal tax purposes under IRS Rev. Proc. 2002-69.

The Secretary of State does not require an annual report from LLCs. Instead, the Comptroller's annual franchise tax report is due May 15, with a Public Information Report listing managers or members. For 2026 and 2027 reports, the no tax due threshold is $2,650,000, and an entity at or below it files only its Public Information Report or Ownership Report. Check the current statute before relying on a default rule.

Frequently Asked Questions

Keep the LLC's Money Separate From Day One

Jupid connects to your LLC's bank account, categorizes every transaction, keeps the books ready for tax time, and answers your tax questions in WhatsApp or iMessage.