The Louisiana LLC operating agreement is a highly recommended contract that is entered by company owners and members to define company affairs and functions. It also details the voting power, liability protections, and benefits afforded to its members.
The Louisiana LLC operating agreement is a highly recommended contract that is entered by company owners and members to define company affairs and functions. It also details the voting power, liability protections, and benefits afforded to its members.
No. The State of Louisiana has not adopted any laws mandating operating agreements for LLCs, but such companies are encouraged to adopt one as a matter of convenience and protection. (Louisiana Revised Statutes (RS) 12:1305.1)
“Operating agreement” is a contract between the members of an LLC (sole or multi) and the company and explicitly details each one’s powers as well as the company’s operations;
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