LLC Operating Agreement
Preview document - "OPERATING AGREEMENT"
Frequently Asked Questions
What are capital contributions?
Capital contributions could include cash, resources, or services. Provide an accurate description including quantities and amounts
What should I consider when adding new Members?
When you admit new Members it is important that the rights of all your Members are protected. Adding a new Member can significantly shift the balance of power in your organization, potentially causing your Company to move in a direction that was not intended in the original vision for your Company.
Why are there restrictions on Members leaving?
The success of your LLC depends on the participation of all your Members. The LLC as well as the individual Members can suffer a significant loss in the event of the unanticipated departure of one of your Members, especially in the initial startup phase of your Company.
What should I consider when adding new Members?
When you admit new Members it is important that the rights of all your Members are protected. Adding a new Member can significantly shift the balance of power in your organization, potentially causing your Company to move in a direction that was not intended in the original vision for your Company.