What is an operating agreement for an LLC?

Answer An operating agreement for a limited liability company (LLC) is a document that outlines the financial and working relationships of all members of an LLC. The document notes each owner's equity and... Read More »

Top Q&A For: What is an operating agreement for an LLC

Massachusetts LLC Operating Agreement?

Many businesses today are operated as limited liability companies since this form seems to offer more incentives for business owners who do not want to start a corporation or run a partnership. Eve... Read More »

How to Write an LLC Operating Agreement?

An LLC is a limited liability company (aka a limited liability corporation), ideal for start-ups and smaller businesses because the owners take on limited liability (hence the name) for the company... Read More »

Can you breach an LLC operating agreement?

The operating agreement of a limited liability company, or LLC, frequently includes a section outlining the "duties and responsibilities" of its members. If one of those members fails to carry out ... Read More »

How to Form an LLC Operating Agreement?

Many states do not require an LLC to have an operating agreement; however, it is a bad idea to run an LLC without one. This mantra holds true even for sole proprietorships. The operating agreement ... Read More »