Georgia LLC operating agreements settle a company’s management structure and procedures while describing its members or owner(s). It is recommended that a signed contract is executed, especially when between a company and its sole member.
Georgia LLC operating agreements settle a company’s management structure and procedures while describing its members or owner(s). It is recommended that a signed contract is executed, especially when between a company and its sole member.
No. The State of Georgia does not legally require operating agreements for LLCs, but many consider this contract indispensable since it preserves the LLC’s original structure and policies. (Georgia Code § 14-11)
“Operating agreement” is any (written or verbal) agreement describing an LLC’s membership roster, structure, and company policies;
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