Operating Agreement

What is an Operating Agreement?

An Operating Agreement is a legal document that outlines the ownership and operating procedures of your Limited Liability Company (LLC). While not always required by state law, it's a crucial document that protects your business structure and prevents future disputes.

Why You Need One

• Legal Protection: Separates your personal assets from your business assets, reinforcing your LLC's limited liability protection
• Clear Ownership: Defines each member's ownership percentage and role in the company
• Dispute Prevention: Establishes rules for decision-making, profit distribution, and conflict resolution
• Professional Credibility: Shows banks, investors, and partners that your business is well-structured
• State Default Rules: Allows you to customize how your LLC operates, rather than relying on state default rules

What's Included

Our Operating Agreement includes:

• Company name and purpose
• Member information and ownership percentages
• Management structure (member-managed vs. manager-managed)
• Capital contributions and profit/loss distribution
• Voting rights and decision-making procedures
• Membership transfer provisions
• Dissolution procedures

Get Your Operating Agreement

When you form your LLC with Cveloo Business, you can include a customized Operating Agreement in your formation package. This document will be tailored to your specific business needs and state requirements.

State Requirements

While most states don't require an Operating Agreement to be filed with the state, some states have specific requirements. Our team ensures your Operating Agreement meets all applicable state laws and regulations.

Need Help?

Our business formation experts can help you understand how an Operating Agreement fits into your LLC formation. Contact us for personalized assistance.