General Components of an LLC Operating Agreement

An Operating Agreement is the MOST important document for your business. It is generally recommended that EVERY LLC have one whether you’re a single member or multi-member LLC. The reason for this is it covers yourself legally and is proof you are in fact operating a business. Not only that but it also states who owns the business, how the business is managed, how can the business be changed, how/when do members leave the business, reducing personal liability of members, and much more! Don’t forget this vital document, it could save you one day!