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Step 3

GET A CUSTOMIZED LLC OPERATING AGREEMENT

 

LLC Operating Agreement

An LLC should always create an operating agreement to define the basic rights and responsibilities of LLC members. The Operating Agreement is the most important document for your LLC. It is the core document that is referred to when issues concerning the LLC and its members need to be resolved.

Single Member Limited Liability Company

It is extremely important that you create an operating agreement to separate yourself as an individual from your LLC, even if you are the sole owner (“member”) of your LLC. Without the formality of an agreement, the LLC can closely resemble a sole proprietorship, which does not limit your personal liability for business debts of the LLC. In addition, without an LLC operating agreement, the basic operation of the LLC would be governed by state law, which may not be advantageous to the LLC, it members, or the business it conducts. In fact, some states like New York require an LLC to have an operating agreement.

The operating agreement governs the operation and management of the LLC. The agreement should also reflect the member's financial contribution to the LLC and the value of that contribution.

Multi-Member Limited Liability Company

It is extremely important that you create an operating agreement for your LLC entity. Without the formality of an agreement, the basic operation of the LLC would be governed by state law, which may not be advantageous to the LLC, it members, or the business it conducts.

The operating agreement governs the operation and management of the LLC. It describes the business and economic arrangement of the members greatly reducing the likelihood of disagreement between them in the future over critical issues such as:

We strongly encourage you to create your operating agreement at the time you form your LLC.

That is why FormLLCDirect has negotiated a special discount with MyLLCAgreement.com , the leading online provider of customized LLC Operating Agreements. Simply enter code FLD242 when paying and receive a $10 discount on your LLC Operating Agreement from MyLLCAgreement.com . All you have to do once you get to MyLLCAgreement.com is click on "Start Now" to begin the process.

Sharing a similar philosophy as FormLLCDirect, MyLLCAgreement.com was created by corporate and tax attorneys from some of the largest law firms in the country, who became tired of seeing entrepreneurs and business owners spend thousands of dollars on legal fees for a LLC Operating Agreement. MyLLCAgreement.com was founded on the belief that entrepreneurs and business owners deserve to have a law firm quality LLC Operating Agreement without the law firm price.

Protect your business and get your customized LLC Operating Agreement Now!