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.” ...

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 ...

As such, HCP could effectively approve a sale of the company unilaterally with the only condition, as set forth in the operating agreement ... FFL Partners, LLC, which valued Trumpet Search ...

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 ...

Once you have registered your restaurant as a limited liability company, you will need to draft an LLC operating agreement to dictate the terms of how your business will be run and the process for ...