Free Blank Illinois LLC Operating Agreement (2026)
Download an empty LLC Operating Agreement template for Illinois: the same statute-aware layout our generator uses, with blank lines to fill in by hand. No account, no email, no watermark.
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Illinois rules that this document follows
| LLC statute | Illinois Limited Liability Company ActSource: 805 ILCS 180/1-1 et seq. |
|---|---|
| Formation document / filing office | Articles of Organization — Illinois Secretary of State |
| Operating agreement required? | Not required by statute, but strongly recommended (may be oral; written is far safer)Source: 805 ILCS 180/1-5, 180/15-5 (operating agreement may be oral, implied, in a record, or any combination since 2017) |
| Formation fee | $150.00 |
| Annual report | $75.00 — Annual report due before the first day of the anniversary monthSource: 805 ILCS 180/50-1 |
| State LLC / franchise tax | Personal property replacement tax 1.5% of net income (35 ILCS 5/201(c)) |
| Duty-of-loyalty waiver | May be limited only if not manifestly unreasonable; competing activities require disclosureSource: 805 ILCS 180/15-1 (majority of members), 180/25-1 (equal shares), 180/30-20 (charging order exclusive; foreclosure permitted) |
| Charging order exclusive remedy (SMLLC) | unclearSource: 805 ILCS 180/15-1 (majority of members), 180/25-1 (equal shares), 180/30-20 (charging order exclusive; foreclosure permitted) |
Frequently asked questions
Is the blank template free?
Yes. The blank LLC Operating Agreement is free to download as PDF or Word — no account, no watermark. The paid version is the completed document our generator builds from your answers.
Is it valid in Illinois?
The template follows the Illinois rules listed on this page (reviewed September 2026). A blank form becomes a binding document only once it is completed correctly and signed by the parties. Check the state facts below and consider an attorney for unusual situations.
Should I fill it by hand or online?
Online is safer: the generator applies Illinois limits and notice periods, validates your entries and produces a clean PDF and Word file. Filling by hand works for simple cases — write clearly, initial every page and keep a signed copy for each party.
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