When forming a Limited Liability Company in Iowa, the usual first step would be to visit the Secretary of State Website, Business Services. Why on earth doesn’t the California Secretary of State just provide you a simple fill in the blank California Articles of Incorporation Template?  Well, please feel free to use our free word doc to hopefully make your life slightly simpler while forming your new California Corporation. Many people forming California Corporations utilize our registered agent service even if forming their company on their own to have the added security of a professional registered agent providing maintenance tools and support for their business.  We only charge $125 for this service.
We have provided a free manager managed LLC operating agreement template above for you to use. The biggest benefit of having a manager managed LLC, is that a manager does not have to be an owner. In most states you will need to tell the state whether you are “member managed” or “manager managed.” You then have to list the members or managers. If you have silent investors or an investor that isn’t going to be a part of the day to day running of the LLC, you’ll want to be manager managed.
There should almost always be a manager if multiple people are involved in the funding of your LLC. The biggest difference with your manager managed LLC operating agreement should be the added complexity of how the members will stay out of the managers operational duties. For LLCs with multiple owners, where one of the owners doesn’t work at the LLC: manager managed LLC operating agreement.


Multiple owners who will both work in the day-to-day operations of the business: multiple member managed operating agreement. Multiple members and you think you’re invincible: don’t even worry about the LLC operating agreement.
So if someone looks up your LLC on the secretary of state website, they will more than likely see your name as either a member or manager. If you are manager managed, the odds are that you won’t have to publicly disclose the members on the articles and it won’t show up on the state secretary of state website who the members are. If you’re starting an LLC, and it’s your idea, but you need 5 family members to chip in some cash to get it going, you’ll want to be the only manager, and list the 5 family members and yourself as members. The members still need strict guidelines as to how the membership percentages will be given, how the LLC will breakup, and how the members could buy each other out.
You can quickly read through all the different LLC operating agreement templates we have in your free online account. You could also list another LLC as the manager, to further keep your information off the public records. But with a manager managed LLC operating agreement, the point is to give the authority only to a manager to run the LLC. But we recommend you think twice before selecting this option, especially since our operating agreements are free.


As you scroll down to Business Organization and click on Domestic Limited Liability Companies, you find that the filing fee is $50.
Members vote who is going to be the manager, so your members can always replace the manager, but as you’ll see on the operating agreement, the manager would have to be replaced by a vote of the members, formalized in writing, and signed by all the members. But when you click on what you are hoping will be a fillable form for Certificate of Organization, you are instead directed to the chapter of Statutes, Iowa Code that deals with the required elements for a Certificate of Organization. Trying to decipher the language can be daunting.  Iowa does offer some forms, such as applying for authority for a foreign LLC. If you and your 5 family members were all members and the LLC was member managed, you could very easily create disputes amongst yourselves.
We have furnished here a template that you can print out and fill in if you like, or you can hire our company to be your Iowa registered agent.
Let’s say you have an argument at Thanksgiving dinner and all of a sudden 2 of the members decide they are going to close the bank account… If you were member managed, they could do so, but if you’re manager managed, they would have to go through the manager, or have to vote someone else into a manager role, or replace you as the manager to make such a change. We have a great deal of experience at getting the complicated process correct the first time.



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