A California LLC operating agreement is a document that governs a limited liability company’s operations and details its internal structure. The form identifies the company’s ownership along with their capital contributions and authority. It also explains how the LLC will handle certain transactions, such as profit distribution, removing members, meetings, and company dissolution.
A California LLC operating agreement is a document that governs a limited liability company’s operations and details its internal structure. The form identifies the company’s ownership along with their capital contributions and authority. It also explains how the LLC will handle certain transactions, such as profit distribution, removing members, meetings, and company dissolution.
Yes – LLCs in California are required to have an operating agreement, which can be written, oral, or implied.[1] If written, the agreement must be stored at the LLC’s designated office.[2]
 Single-Member LLC Operating Agreement – Establishes the operating procedures of an LLC that has one owner only.
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 Multi-Member LLC Operating Agreement – Sets out the internal operating policies of an LLC with more than one owner.
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