The Connecticut LLC operating agreement is an oral or written contract (entered by an entity’s members) dictating their powers, contributions, and rights in the LLC. Once it is executed, it becomes a binding agreement, and thus, recommended that to be in writing.
The Connecticut LLC operating agreement is an oral or written contract (entered by an entity’s members) dictating their powers, contributions, and rights in the LLC. Once it is executed, it becomes a binding agreement, and thus, recommended that to be in writing.
No. The state of Connecticut does not mandate that an LLC or its members enter an operating agreement. However, note that it is often considered risky to operate an entity without one. (CT Gen Stat ยง 34-243d. (2023))
“Operating agreement” means the oral agreement or written contract defining the purpose and activities of an LLC together with the roster and governance of each LLC owner or member;
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