After all, the sooner business begins the better. Which leads many LLC members to ask: Do I really need to write an operating agreement? Fair enough. No one wants to compose a lengthy, complicated ...

The ownership portion of an operating agreement outlines how the LLC’s profits, losses, and assets are divided among its members. More often than not, this is contingent on the LLC structure.

QUESTION: What is an LLC operating agreement, and what provisions does it typically include? Know the Law is a biweekly column sponsored by McLane Middleton. Questions and ideas for future columns ...

On December 31, 2024, both parties executed an amendment to the operating agreement to ensure the continuation of this mutually beneficial relationship while addressing the evolving needs and ...