Five Reasons LLCs With Two or More Members Need an Operating Agreement
Five reasons LLCs with two or more members need an operating agreement
Decide how you want to operate your business.
Determine whether members can be required to chip in cash.
Identify a process in case a member wants out.
Define how the LLC could force a member out.
Address the three Ds in advance—what if a member becomes disabled, dies, or divorces.
A personalized operating agreement is the best way to take advantage of all the flexibility LLCs offer. We’d love to talk about how this could benefit your business (and the risks if you don’t). Book an exploratory call to learn more.
