In this article, the closed-form dynamic equations of planar flexible link manipulators (FLMs), with revolute joints and constant cross sections, are derived combining Lagrange’s equations and the assumed mode shape method. To overcome the lengthy and complicated derivative calculation of the Lagrangian function of a FLM, these computations are done only once for a single flexible link manipulator with a moving base (SFLMB). Employing the Lagrange multipliers and the dynamic equations of the SFLMB, the equations of motion of the FLM are derived in terms of the dependent generalized coordinates. To obtain the closed-form dynamic equations of the FLM in terms of the independent generalized coordinates, the natural orthogonal complement of the Jacobian constraint matrix, which is associated with the velocity constraints in the linear homogeneous form, is used. To verify the proposed closed-form dynamic model, the simulation results obtained from the model were compared with the results of the full nonlinear finite element analysis. These comparisons showed sound agreement. One of the main advantages of this approach is that the derived dynamic model can be used for the model based end-effector control and the vibration suppression of planar FLMs.