LLC Operating Agreement |
What is an operating agreement?
An operating agreement is the formal governing document for an LLC. The operating agreement tells us who owns the LLC, what their percentage of ownership is, what they are required to contribute to the business, how management decisions are made, what happens if a member wants to leave the business, and even what should happen if there is a dispute between the members. Read more about why it is critical to have a well-drafted operating agreement. Why does my single-member LLC need an operating agreement? Even if you are the sole owner of your LLC, you still need an operating agreement:
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LLC Operating Agreements
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Review and Advice: Get attorney recommendations and counsel to protect your personal interests; editing or re-drafting the agreement or bylaws is not included.
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