LLC Operating Agreement

This agreement is essential for your limited liability company (LLC). Here’s why: An operating agreement will establish and protect the folks in business with you. When it comes to the question marks in life (and business), this document will spell everything out in the clearest terms possible. This agreement will help you outline expectations in a variety of circumstances that may arise in your business: What happens if your business partner wants to pursue new opportunities? Can you buy out their share of the business? What needs to happen if someone needs to take a leave of absence like maternity leave or disability? Who’s responsible for what? These are the questions that an LLC Operating Agreement will help you answer. If you’ve got partners, investors, or co-owners, this agreement is a must!