A Hawaii Multi-Member LLC Operating Agreement is a legal contract utilized to institute guidelines associated with a limited liability company owned by two or more individuals. The document summarizes each member’s role and establishes duties, rights, and decision-making processes for reference and adherence. The state’s government does not require LLCs to originate an operating agreement to apply for formation. However, doing so can help legally protect the interests of the owning parties and clarify the specifics of company operations.