Operating Agreement
Custom LLC Operating Agreement drafted for your business. Required by banks and essential for multi-member LLCs.
What's Included
- Customized Operating Agreement
- Single or multi-member options
- Management structure defined
- Profit distribution rules
- Member rights and duties
- Dissolution procedures
- Customized Agreement
- Management Provisions
- Bank-Ready Format
- Digital Delivery
- Multi-Member Provisions
- Everything in Single-Member
- Ownership Percentages
- Voting Rights
- Buyout Provisions
- Profit Distribution Rules
About This Service
An Operating Agreement is an internal document that outlines how your LLC will be run, including ownership percentages, profit distribution, and decision-making procedures.
Why You Need an Operating Agreement
- Bank Requirement: Most US banks require an Operating Agreement to open a business account.
- Legal Protection: Separates personal and business assets, strengthening liability protection.
- Dispute Prevention: Clear rules prevent conflicts between members.
- State Requirements: Some states legally require LLCs to have an Operating Agreement.
Single vs Multi-Member
- Single-Member: Simpler document establishing your LLC's operating procedures.
- Multi-Member: More complex, covering ownership splits, voting rights, buyout procedures, and profit distribution.
Frequently Asked Questions
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