Business Operating Agreements
What are Business Operating Agreements?
A Business Operating Agreement is a legal document that outlines the structure, rules, and regulations for the operation of a limited liability company (LLC). It is a crucial document for LLCs because it helps establish the internal workings of the business and governs the relationships among its members. Although not always required by law, having a comprehensive operating agreement is highly recommended for LLCs to avoid potential disputes and provide clarity on key issues.
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