Glossary
Operating agreement, in plain words
A private contract among owners covering ownership, votes and how profits split.
Snapshot
- Also known as
- Company agreement
- See also
- Member alongside Articles of organization alongside Organizer
The practical bit
Even a one-owner LLC should have one. It shows the company is separate from you.
See it in action
Find it in: Starting an LLC: every state, Do you need an agent? By state, Out-of-state LLC rules by state.