An operating agreement is a key document used for an LLC that establishes the rights and responsibilities of each LLC member. It outlines the business's financial and functional decisions including rules, regulations, and provisions. The purpose of the document is to govern the internal operations of the business by providing details about the LLC's internal management, including how decisions are made, when meetings are held, how new members are admitted, and more.
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LLC Operating Agreement
August 23, 2022
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