The Parker Law Offices

WHY YOUR MULTI-MEMBER LLC NEEDS AN OPERATING AGREEMENT?

Last Updated 12/16/2021Posted in Business Law


Firstly, recall that an operating agreement is the document that describes how your business will be governed. It lays out the rights of responsibilities of the member’s for managing the company and the member’s financial rights and duties. The first point to consider is that without an operating agreement your business will be subject to
DIVORCE FROM BED AND BOARDTypes of Divorce in North Carolina: North Carolina recognizes two forms of divorce: (1) Absolute Divorce and (2) Divorce from Bed and Board.
ANCILLARY ADMINISTRATION – PROBATE WHEN THERE IS OUT-OF-... When someone who is living in North Carolina dies (the decedent), her estate must be probated in North Carolina in the county where she ...
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 ...