LLC Operating Agreement Addendum Help Guides

Once an LLC has filed its certificate of formation, it should also complete the LLC operating agreement. Although the operating agreement is not compulsory under the law, it is essential for protecting limited liability status, preventing disputes among members, and ensuring that the company follows legal formalities. Without an LLC operating agreem...

Formation To form an LLC, complete and file your articles of organization (sometimes called a certificate of formation). Governance Although you do not need to file an LLC operating agreement, this is a core document that defines who owns the LLC, how it will be managed, how the membership will handle profits, and more. Ownership Although many LLCs...

Forming a limited liability company (LLC) has many advantages. An LLC is not a partnership or a corporation but rather an entity that displays features common to both business types. It contains a deeper level of personal asset protection than the sole proprietorship and provides for simplified tax accounting. An LLC's owners are referred to as "mem...

Congratulations! If you have recently organized your business as a Limited Liability Company (LLC), you have taken the first step to becoming a proud business owner. Forming an LLC involves registering your company with the state, filing an......

Once you have decided to set up your Limited Liability Company (LLC), it is advisable to create an LLC operating agreement. This enables you to structure your working and financial relationships with any joint owners that are best suited to......

Limited liability corporations (LLCs) are a relative newcomer to the tax code. They were first approved for use in 1977 when the state of Wyoming requested the formation of a business that could be managed and taxed like a partnership but......