How Do You Write An LLC Operating Agreement?
An LLC is a Limited Liability Company, ideal for start-ups and smaller businesses because the owner(s) take on limited liability (hence the name) for the company. Forming an LLC is an inexpensive and fairly simple process. The Operating Agreement is what governs the operations of your LLC. Gather your basic information: the name of your company, where your company will locate and the names of Member(s) of the company and their physical address(es). Make note of your Agent’s name. Gather your financial information: what will the initial contribution of each member be and what percent of the company will each Member own. This can be simple: you, the Member, make an initial contribution of $10.00 and you hold 100% interest in the Company. You can have a single-member LLC or a multi-member LLC; what is important is that all members be included on the Operating Agreement. Download a Sample LLC Operating Agreement. (See Additional Resources). Yes, you can write your own, but it is much smart
