Tag: operating agreement

An LLC is a popular tool for small businesses for lots of good reasons. Read more about those reasons here. But DIYing an operating agreement from various online sources is risky since it’ll be maybe enforceable, maybe what you actually want and need, and maybe complete. A customized operating agreement is the best way to…

Five reasons LLCs with two or more members need an operating agreement Decide how you want to operate your business. Determine whether members can be required to chip in cash. Identify a process in case a member wants out. Define how the LLC could force a member out. Address the three Ds in advance—what if…