The Parker Law Offices

WHY SINGLE MEMBER LLC NEEDS AN OPERATING AGREEMENT

Last Updated 12/16/2021in Business Law


The first question you may be asking is: What is an operating agreement? It is the agreement between the members of an LLC that governs how the business is governed, and it lays out the rights of responsibilities of the member’s for managing the company and the members financial rights and duties. A lot of
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WHY YOUR MULTI-MEMBER LLC NEEDS AN OPERATING AGREEMENT?Firstly, recall that an operating agreement is the document that describes how your business will be governed. It lays out the rights of...
WHY SINGLE MEMBER LLC NEEDS AN OPERATING AGREEMENTThe first question you may be asking is: What is an operating agreement? It is the agreement between the members of an LLC that governs ...