Operating Agreement

Few aspects of building a limited liability company are more important than effectively defining the rights and duties of its members in an Operating Agreement.

An operating agreement can help provide member owners with valuable control and flexibility over numerous aspects of the operation of the company, such as dictating member’s rights with regard to selling one’s stake in the company, defining what happens to an owner’s interest in a company when he or she divorces, dies or is incapacitated, appropriately allocating profits and losses, management of the company and imposing procedures for dispute resolution.

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