A Georgia LLC operating agreement sets forth the terms that determine how a limited liability company will be managed, structured, and regulated. The document both reinforces the entity’s LLC status and clarifies essential company details, including who owns the business and how profits and losses will be allocated among members.
A Georgia LLC operating agreement sets forth the terms that determine how a limited liability company will be managed, structured, and regulated. The document both reinforces the entity’s LLC status and clarifies essential company details, including who owns the business and how profits and losses will be allocated among members.
No – Operating agreements aren’t required under Georgia law, although the majority of LLCs will draft one to organize and structure their internal affairs.
 Single-Member LLC Operating Agreement – Entities with only one owner should draft this LLC operating agreement.
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 Multi-Member LLC Operating Agreement – This agreement is designed for LLCs that have at least two owners.
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