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Is it Required in Kentucky?
No. There are no statutes in Kentucky calling for LLCs to have an operating agreement; therefore, many companies execute this contract to promote internal organization and complete business actions, such as seeking a loan. (KRS Chapter 275.180)
By Type (2)
State Definition
“Operating agreement” means the contract executed by the sole-member or by all owners and members of an LLC to describe their relationship to the LLC and how it functions;