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Series Llc Operating Agreement Illinois : TeslaMotors - Lawyer Chicago : Each cell can have its own members, managers, and operating agreement. . In some states the series is established in the series llc's operating agreement. 24 posts related to illinois series llc operating agreement forms. This type of entity is referred to as a delaware series llc. Each cell can have its own members, managers, and operating agreement. An operating agreement is a kind of instruction manual that outlines how you will run your business. An llc operating agreement is not required in illinois, but is highly advisable. 24 posts related to illinois series llc operating agreement forms. The operating agreement also establishes the master llc's intent to establish series, identifies the members and managers of each series if different from. A member‑managed limited liability company. This is true even if only one member owns each of the series in the llc.