A Utah LLC operating agreement serves to confirm a company’s status as an LLC as well as its membership roster and power structure. Business owners consider this contract essential as it details LLC policies and procedures (i.e., meeting protocols).
A Utah LLC operating agreement serves to confirm a company’s status as an LLC as well as its membership roster and power structure. Business owners consider this contract essential as it details LLC policies and procedures (i.e., meeting protocols).
No. There are no state laws in Utah demanding an LLC to conduct its affairs with an operating agreement in place; however, company owners are encouraged to execute one in writing. (Utah Code 48-3a-112)
“Operating agreement” means the formal acknowledgment of an LLC’s method of doing business, including internal policies and the membership structure;
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