Does Maryland require an LLC operating agreement?
Though not required under Maryland law, it makes sense to create an LLC operating agreement that will guide your LLC’s owners in operating the business (much like a partnership agreement or corporate bylaws serve as a blueprint for running those kinds of businesses). For help creating an LLC operating agreement, see Form Your Own Limited Liability Company, by Anthony Mancuso (Nolo). Keep in mind that the LLC operating agreement does not need to be filed with the Department of Assessments and Taxation. To retain your LLC’s status as a separate entity, LLC members must observe certain formalities, such as keeping detailed financial records and recording minutes of major decisions. For everything you need to know to operate your LLC legally and effectively — including minutes forms, consent forms, and over 80 resolutions — see Your Limited Liability Company: An Operating Manual, by Anthony Mancuso (Nolo). For additional help with forming and running your LLC, visit Nolo’s Lawyer Directo
