An Indiana LLC operating agreement is a contract that determines the internal organization and management procedures of a limited liability company. The document enables company members to define their roles and responsibilities, specify their respective ownership percentages, and help safeguard themselves against the company’s liabilities.
An Indiana LLC operating agreement is a contract that determines the internal organization and management procedures of a limited liability company. The document enables company members to define their roles and responsibilities, specify their respective ownership percentages, and help safeguard themselves against the company’s liabilities.
No – State law does not require LLCs to adopt an operating agreement. However, creating one is standard practice during the early stages of formation.
 Single-Member LLC Operating Agreement – Designed for limited liability companies owned by a single person.
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 Multi-Member LLC Operating Agreement – To be used by LLCs that divide ownership among two or more members.
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