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Alaska Multi-Member LLC Operating Agreement

An Alaska multi-member LLC operating agreement is a legal form used for recording the details of an entity that has two or more members. It can be thought of as the “product manual” for a business, allowing those that read it thorough insight into how the company is structured.

A copy of the document is commonly kept by each member, providing them with the legal proof of what all parties unanimously agreed upon. Come tax time, the entity will pay taxes as a partnership, requiring each member to pay their share of the entity’s profits or losses corresponding to their interest in the LLC.