LLC Operating Agreement

An operating agreement is a document that outlines the ownership, rules, and responsibilities for running a limited liability company (LLC) and how decisions are made by its members. Once signed by all members, it becomes a legally binding agreement. It is the responsibility of each member to keep a signed copy (it is not filed with any government office).

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Last updated September 26th, 2024

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An operating agreement is a document that outlines the ownership, rules, and responsibilities for running a limited liability company (LLC) and how decisions are made by its members. Once signed by all members, it becomes a legally binding agreement. It is the responsibility of each member to keep a signed copy (it is not filed with any government office).

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