A Washington D.C. LLC operating agreement documents the expectations and guarantees that a company’s managers and members must observe whenever taking action with or within the company. While this can be an oral contract or a recording, a written and dated contract adds to a company’s credibility.
A Washington D.C. LLC operating agreement documents the expectations and guarantees that a company’s managers and members must observe whenever taking action with or within the company. While this can be an oral contract or a recording, a written and dated contract adds to a company’s credibility.
No. The District of Columbia allows LLCs to form and conduct business without an operating agreement; however, landlords, banks, and financial institutions will often require this document.
“Operating agreement” means the verbal, recorded, or written description of an LLC’s members, membership structure, and company policy and is acknowledged or signed by the LLC members, managers, and company owners;