Every LLC should adopt an Operating Agreement to govern its operations. LegalZoom provides your LLC with a state-specific Operating Agreement that includes important provisions covering:
- Company Management
Nominates company officers and selects the method for managing the LLC
- Company Record-Keeping and Formalities
Clearly states that regular meetings of managers or members are NOT required
- Ownership and Profit Sharing
Governs how profits are distributed to the members and provides the method for admitting new members into the LLC
- Withdrawal and Dissolution
Provides a method for members to withdraw from the company and how the company may be dissolved