You need to download Flash Player to view this banner

Get Adobe Flash player

Hawaii LLC Operating Agreement

The Hawaii LLC Operating Agreement is the core document that is referred to when issues concerning a Hawaii limited liability company (“LLC”) need to be resolved.

The LLC Operating Agreement is the most important document for your Hawaii LLC.

In the case of a single member LLC, without the formality of an LLC Operating Agreement, the LLC can closely resemble a sole proprietorship, which does not limit your personal liability for business debts of the LLC.

With respect to a multi-member LLC, the LLC Operating Agreement reflects the agreement among the members with respect to the affairs and management of the LLC and governs the relationship amongst the members of the LLC. By having an LLC Operating Agreement, the members will be provided with a clear set of rules that all members have agreed upon greatly reducing the likelihood of disagreement between them in the future. A LLC Operating Agreement will also greatly reduce financial and management misunderstandings, and make sure your business is governed by your own rules -- not default rules created by the state of Hawaii.

Need a LLC Operating Agreement for your Hawaii LLC?

www.myLLCagreement.com will generate a customized LLC Operating Agreements for your Hawaii LLC in a matter of minutes.

Whether your LLC will have one or more members, will be managed by its members or by elected managers, or will be granting one or more members an interest in the LLC for the performance of services, myLLCagreement.com will generate a customized LLC operating agreement tailored to the needs of your business.

If you don’t want to spend thousands of dollars on a lawyer and don’t trust outdated internet forms, then let myLLCagreement.com help you create a customized LLC operating agreement for your Georgia LLC.

TRY IT FREE!!

The LLC operating agreement does not have to be filed with any state agency. All states, including the state of Hawaii will enforce valid operating agreements entered into among LLC members. The operating agreement will only be enforced against the persons who are parties to the agreement. Therefore, it is extremely important that all members of an LLC sign the operating agreement.

Your Hawaii Limited Liability Company

LLC Filing Office

Department of Commerce and Consumer Affairs
Business Registration Division
P.O. Box 40
Honolulu, HI 96810
Tel: 808-586-2744
www.hawaii.gov/dcca/areas/breg/
Check Name Availability

Entity or Franchise Level Tax

Hawaii does not require partnerships, LLCs taxable as partnerships, or disregarded single-member LLCs to pay a general net worth tax or a tax based on net income.

State LLC Act

The Hawaii LLC Act is contained in Chapter 428 of the Hawaii Statutes

https://www.nrai.com/Portals/0/Mediagallery/23.hawaii.gif
The Hawaii LLC Act

Important Statutory Rules

LLC Management

An LLC is managed by its members unless the Articles of Organization states that the LLC is to be managed by one or more managers.

Admission of Members

Unless the Operating Agreement states otherwise, new membership must be issued with the unanimous consent of all the members.

Amending the Operating Agreement

Unless the Operating Agreement states otherwise, amendments to the Operating Agreement must be approved by all the members.

Dissolution

Unless otherwise provided in the Operating Agreement, the approval of all members is required to approve distributions to members prior to the dissolution of the LLC, to sell all LLC assets, or to voluntarily dissolve the LLC.

RECEIVE A CUSTOMIZED HAWAII LLC OPERATING AGREEMENT IN MINUTES

TRY IT FREE!

Create your Customized LLC Operating Agreement in 3 Easy Steps:
Get Started For FREE
  • Register for Free - it only takes a minute.
  • Register so you can access your LLC Agreement anytime
  • Create your LLC Agreement
  • Try it Free!
  • Answer a number of simple "customization" questions. It’s Easy!
  • Want to think about some of the questions?
    Save your answers and come back later!
    Finish & View LLC Agreement
  • View your customized LLC Operating Agreement and pay only if you are satisfied.

  • If you don’t like it, don’t pay for it.
    Credit card info only required upon purchase.