Jargon
What's an operating agreement?
A private contract among the members covering ownership shares, votes and how profits get split. Write one even if you're the only owner.
Quick facts
The short of it- Sometimes called
- LLC agreement
- Related
- Member and on top of that Articles of organization and on top of that Organizer
Why you care
Write one even if you're the only owner. It shows the LLC and you are separate.
Where you'll see it
You'll run into it here: Forming an LLC: every state, Who needs a registered agent, state by state, Registering out of state: every state.