A Delaware LLC operating agreement is a contract that establishes the operating procedures of an LLC and governs the relationships between owners. The form will identify each member’s financial contribution and responsibilities within the business, and may also outline procedures for handling disputes, member admissions, banking, recordkeeping, and liquidation.
A Delaware LLC operating agreement is a contract that establishes the operating procedures of an LLC and governs the relationships between owners. The form will identify each member’s financial contribution and responsibilities within the business, and may also outline procedures for handling disputes, member admissions, banking, recordkeeping, and liquidation.
Yes – A written, oral, or implied operating agreement is legally required for LLCs in Delaware.[1]
 Single-Member LLC Operating Agreement – Used by LLCs with one owner to establish the company’s operating procedures.
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 Multi-Member LLC Operating Agreement – Used by LLCs with two or more members to define operating policies and member responsibilities.
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