Commissions do not affect our editors' opinions or evaluations. An LLC operating agreement is a legal document that details the rules and regulations of a limited liability company (LLC ...

Whether you’ve already taken the steps to create a limited liability company (LLC), or you’re still in the planning process, you’ve probably come across the term “operating agreement.” ...

An LLC operating agreement isn’t required in most states, but it’s an important legal document for a business. Many, or all, of the products featured on this page are from our advertising ...

A limited liability company operating agreement is an important document that formalizes the relationships between the co-owners of the LLC. The operating agreement, which is a requirement in some ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Florida doesn’t require limited liability companies ...

Morsa Images / Getty Images An LLC operating agreement is a legal agreement used by limited liability companies to detail the roles, responsibilities, ownership, distribution, and other ...

In Delaware, an LLC is bound by its operating agreement regardless of whether the company itself executed the contract. 6 Del. Code § 18-101 (9) provides than an LLC is “not required to execute ...

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal ...

An operating agreement, even a simple one, can save you time and effort by eliminating uncertainty during the course of operating a limited liability company, or LLC. Not all states require ...