The Connecticut LLC operating agreement is an oral or written contract (entered by an entity’s members) that dictates their powers, contributions, rights, and responsibilities in the LLC. Once it is executed, it becomes a binding agreement, and thus, it is recommended that it be put in writing.
The Connecticut LLC operating agreement is an oral or written contract (entered by an entity’s members) that dictates their powers, contributions, rights, and responsibilities in the LLC. Once it is executed, it becomes a binding agreement, and thus, it is recommended that it be put in writing.
No. The state of Connecticut does not mandate that an LLC or its members enter an operating agreement; however, it is often considered risky to operate an entity without one. (CT Gen Stat § 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;