Delaware LLC Act (6 Del. C. 18-101 et seq.)

This Act is the law which governs LLCs in the State of Delaware. The internal affairs of an LLC formed in the State of Delaware are governed by the Act. Every LLC is required to have an LLC Operating Agreement – a private partnership agreement, usually in writing, signed by the members of an LLC – which often contracts around the default provisions in the Act (that governs in the absence of an agreement to the contrary).