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

What is an operating agreement in a limited liability company?

According to the Citizen Media Law Project, an operating agreement is a contract between the members and managers of a limited liability company (LLC). This establishes the rules and regulations th... Read More »

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 »

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 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 »