What is an LLC Operating Agreement?

An LLC operating agreement allows you to structure your financial and working relationships with your co-owners in a way that suits your business. In your operating agreement, you and your co-owners establish each owner's percentage of ownership in the LLC, his or her share of profits (or losses), his or her rights and responsibilities, and what will happen to the business if one of you leaves.
  • 0 Els usuaris han Trobat Això Útil
Ha estat útil la resposta?

Articles Relacionats

Who should form an LLC?

You should consider forming an LLC (limited liability company) if you are concerned about...

Should I choose an LLC or an S-corporation?

While the S-corporation's special tax status eliminates double taxation, it lacks the flexibility...

Do I need to have an Operating Agreement?

Although most states' LLC laws don't require a written operating agreement, you shouldn't...

Must I hold LLC meetings?

Although a corporation's failure to hold shareholder or director meetings may subject the...

Exceptions to Limited Liability

While LLC owners enjoy limited personal liability for many of their business transactions, it is...