An operating agreement is the contract entered into between the members (owners) and managers of a limited liability company that governs their rights, obligations and duties when conducting the business of the LLC.
Operating agreements address many issues, including:
-Clarifying Verbal Agreements
-Identifying Members & Their Ownership Percentages
-Avoiding Default State Rules
We can help review and recommend changes to your operating agreement or if you do not have one, we can work with our network of attorneys to help you get an operating agreement in place.