LLC Operating Agreement
Preview document - "OPERATING AGREEMENT"
Frequently Asked Questions
Who are the “Members” of your LLC?
An LLC member is an owner of the company. All owners of LLCs are classified as members. Just as the owners of a partnership are members of the company, LLC owners are legally members of the LLC.
What is meant by a class of Members?
Your Members may be given different rights and obligations. In addition, you may group the Members into different classes, each class having its own basic rights and obligations.
Should I create more than one class of Members?
If you require different groups of Members to have different rights and obligations, then you can divide your Members into multiple classes. But a single class is usually sufficient.