When to Use

  • You are forming or plan to form an LLC.
  • You want to make sure your company is legally compliant and presentable for banks and investors.
  • Your state requires you to have an operating agreement.
  • You want to ensure that all current and future members know their rights and obligations.

Other Names for This Document

  • LLC bylaws
  • Limited liability company agreement
This agreement is strongly recommended for all LLCs, including single-member LLCs. The agreement helps you avoid a wide variety of potential legal liabilities by defining your company’s guidelines in writing.

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