Texas LLC Company Agreement (Operating Agreement): What It Is and Why You Need One
Why it matters even for a single-member LLC
- Banks, Stripe and PayPal often request it to confirm ownership before opening an account.
- It strengthens the liability shield by demonstrating the LLC is a distinct, properly governed entity.
- It puts the rules in writing now, removing any ambiguity if you add partners later.
What a good Texas company agreement includes
- LLC name, formation date, and principal office
- Member(s) and ownership percentages
- Capital contributions and how profits and losses are allocated
- Management structure (member-managed vs manager-managed)
- Voting rights and decision-making rules
- Provisions for admitting members, transferring interests, and winding up
Single-member vs multi-member
A single-member company agreement is short and mainly confirms that you own 100% and run the company. A multi-member version goes deeper on voting, contributions, and exit terms. Bastion tailors the document to whichever fits you — and since Texas refers to it as the Company Agreement, that's the title we use, though it's the same thing as an operating agreement elsewhere.
Signing a Texas LLC company agreement for a non-resident single-member company
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Get a ready-to-sign company agreement built for your structure \u2014 included from $550
Frequently asked questions
- Does Texas require an operating agreement?
- No. Texas does not require you to file a company agreement (its term for an operating agreement), but it is strongly recommended. Banks and payment processors often request it, and it supports your limited-liability protection.
- What is a Texas company agreement?
- It is what Texas calls the LLC operating agreement â the internal document setting ownership, profit sharing, and management rules. It is not filed with the state.
- Do I need a company agreement for a single-member Texas LLC?
- Yes. Even with one owner, banks and processors like Stripe often ask for it, and it reinforces your liability protection by showing the LLC is a separate entity.