A limited liability company operating agreement is an important document ... He has been profiled in the "New York Times," the "Washington Post" and in numerous online publications.

It’s a best business practice for every LLC to have an operating ... What states require LLCs to have operating agreements? California, Delaware, Maine, Missouri and New York are the only ...

A typical LLC operating agreement is a 10- to 20-page contract document that sets up guidelines and rules for the LLC. In states such as California, Missouri, and New York, it is mandatory to ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Florida doesn’t require limited liability companies ...

After all, the sooner business begins the better. Which leads many LLC members to ask: Do I really need to write an operating agreement? Fair enough. No one wants to compose a lengthy, complicated ...

This article, written by litigators, is intended to inform drafters of the need for clearly delineated rights to indemnification, on one hand, and fee advancement on the other. In the limited ...

An LLC operating agreement isn’t required in most states, but it’s an important legal document for a business. Many, or all, of the products featured on this page are from our advertising ...

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal ...

Commissions do not affect our editors' opinions or evaluations. An LLC operating agreement is a legal document that outlines the operations and management of the LLC, and sets out the rights and ...

An operating agreement, even a simple one, can save you time and effort by eliminating uncertainty during the course of operating a limited liability company, or LLC. Not all states require ...