Georgia LLC operating agreements settle a company’s management structure and procedures while describing each member or owner. It is recommended that such an agreement is a signed contract, especially between a company owner and a sole-member LLC, but it can also be verbally executed.
Georgia LLC operating agreements settle a company’s management structure and procedures while describing each member or owner. It is recommended that such an agreement is a signed contract, especially between a company owner and a sole-member LLC, but it can also be verbally executed.
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;