Hawaii LLC operating agreements dictate a company’s procedures and structure as well as describe the identity of each member and their role. This agreement or contract is also commonly requested when businesses wish to open an account with a bank or seek a loan.
Hawaii LLC operating agreements dictate a company’s procedures and structure as well as describe the identity of each member and their role. This agreement or contract is also commonly requested when businesses wish to open an account with a bank or seek a loan.
No, Hawaii does not require LLCs to have an operating agreement, whether written or oral, but it is highly recommended as part of a company’s formation.(HRS §428-103)
“Operating agreement” means the contract that is executed (orally or in writing) by the members and owners to define an LLC, its managerial structure, and company operations;
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