Definition
A document defining how an LLC is managed and owned.
Examples
The operating agreement clarified voting and profit distribution.
Origin
Modern business/startup term; used as practical shorthand in product, growth, and investing.
Use it in Nautis
Track operating agreement alongside everything else in your startup.
Nautis brings planning, fundraising, finance, and operations into one AI-native workspace — so concepts like operating agreement stop being spreadsheet trivia and start showing up where decisions get made.